Allegiant Travel Co. (NASDAQ:ALGT) shares were down 0.8% during trading on Monday . The company traded as low as $134.08 and last traded at $135.34, with a volume of 54,667 shares trading hands. The stock had previously closed at $136.37.

A number of brokerages recently issued reports on ALGT. Cowen and Company dropped their price objective on Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating on the stock in a report on Monday, August 1st. Zacks Investment Research cut Allegiant Travel from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 24th. Raymond James Financial Inc. raised Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Tuesday, June 14th. Stifel Nicolaus dropped their price objective on Allegiant Travel from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of Allegiant Travel in a report on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $183.90.

The firm has a 50-day moving average price of $134.95 and a 200 day moving average price of $152.34. The firm has a market cap of $2.23 billion and a price-to-earnings ratio of 9.66.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Friday, July 29th. The company reported $3.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $0.13. The firm earned $344.90 million during the quarter, compared to the consensus estimate of $343.11 million. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.18 EPS. Equities research analysts predict that Allegiant Travel Co. will post $12.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, August 19th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, August 17th.

Other hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake 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 valued at $1,210,000 after buying an additional 29 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Allegiant Travel by 23.6% in the fourth quarter. Schroder Investment Management Group now owns 117,292 shares of the company’s stock valued at $19,685,000 after buying an additional 22,400 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Allegiant Travel by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 88,380 shares of the company’s stock valued at $14,833,000 after buying an additional 3,109 shares during 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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