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

A number of equities research analysts have issued reports on the company. Barclays PLC downgraded Allegiant Travel from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $205.00 to $188.00 in a research note on Friday, April 15th. Credit Suisse Group AG cut their price target on Allegiant Travel from $180.00 to $169.00 and set a “neutral” rating for the company in a research note on Tuesday, April 12th. Deutsche Bank AG restated a “buy” rating on shares of Allegiant Travel in a research note on Saturday, April 9th. Cowen and Company restated a “market perform” rating and set a $178.00 price target (down from $180.00) on shares of Allegiant Travel in a research note on Thursday, April 28th. Finally, Raymond James Financial Inc. upgraded Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $200.91.

The company has a 50-day moving average price of $144.11 and a 200-day moving average price of $156.60. The firm has a market cap of $2.16 billion and a P/E ratio of 9.64.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Friday, July 29th. The company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.13. The firm earned $344.90 million during the quarter, compared to analyst estimates of $343.11 million. During the same period in the prior year, the company posted $3.18 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that Allegiant Travel Co. will post $13.23 earnings per share for the current year.

Several hedge funds and institutional investors have 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 in the last quarter. State of Tennessee Treasury Department purchased 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 in the last quarter. Matarin Capital Management LLC purchased 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 in the last quarter.

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.

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