Allegiant Travel Co. (NASDAQ:ALGT) shares reached a new 52-week low during trading on Thursday . The company traded as low as $132.95 and last traded at $135.43, with a volume of 136,512 shares changing hands. The stock had previously closed at $134.20.

A number of research firms recently commented on ALGT. Deutsche Bank AG reiterated a “buy” rating on shares of Allegiant Travel in a report on Saturday, April 9th. Cowen and Company reiterated a “market perform” rating and issued a $178.00 price objective (down from $180.00) on shares of Allegiant Travel in a report on Thursday, April 28th. Sterne Agee CRT reiterated a “neutral” rating on shares of Allegiant Travel in a report on Monday, May 16th. Barclays PLC cut Allegiant Travel from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $205.00 to $188.00 in a report on Friday, April 15th. Finally, Credit Suisse Group AG decreased their price objective on Allegiant Travel from $180.00 to $169.00 and set a “neutral” rating on the stock in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Allegiant Travel has a consensus rating of “Hold” and an average target price of $200.91.

The company’s 50-day moving average is $145.23 and its 200-day moving average is $156.97. The firm has a market cap of $2.25 billion and a PE ratio of 10.02.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, April 27th. The company reported $4.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.28 by $0.01. During the same period in the previous year, the firm posted $3.74 earnings per share. The firm earned $348.60 million during the quarter, compared to analysts’ expectations of $340.97 million. The firm’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Allegiant Travel Co. will post $13.23 EPS for the current fiscal year.

Several institutional investors recently made changes to their positions in the stock. Westfield Capital Management Co. LP raised its position in shares of Allegiant Travel by 75.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 214,861 shares of the company’s stock worth $36,060,000 after buying an additional 92,167 shares during the period. State of Tennessee Treasury Department bought a new position in shares of Allegiant Travel during the fourth quarter worth $1,729,000. Dimensional Fund Advisors LP raised its position in shares of Allegiant Travel by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 360,253 shares of the company’s stock worth $60,464,000 after buying an additional 16,632 shares during the period. Matarin Capital Management LLC bought a new position in shares of Allegiant Travel during the fourth quarter worth $5,864,000. Finally, Advisors Asset Management Inc. raised its position in shares of Allegiant Travel by 0.4% in the fourth quarter. Advisors Asset Management Inc. now owns 7,212 shares of the company’s stock worth $1,210,000 after buying an additional 29 shares during the period.

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.