Texas Permanent School Fund Corp Has $422,000 Stake in Allegiant Travel Company $ALGT

Texas Permanent School Fund Corp reduced its holdings in Allegiant Travel Company (NASDAQ:ALGT) by 76.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,682 shares of the transportation company’s stock after selling 24,667 shares during the period. Texas Permanent School Fund Corp’s holdings in Allegiant Travel were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALGT. Steward Partners Investment Advisory LLC boosted its stake in shares of Allegiant Travel by 28.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after buying an additional 205 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Allegiant Travel by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 17,275 shares of the transportation company’s stock worth $949,000 after acquiring an additional 338 shares in the last quarter. NewEdge Advisors LLC boosted its position in Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Allegiant Travel by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 394 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Allegiant Travel by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 7,094 shares of the transportation company’s stock worth $390,000 after purchasing an additional 400 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ALGT shares. Barclays increased their price objective on Allegiant Travel from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Citigroup began coverage on shares of Allegiant Travel in a research note on Thursday, December 4th. They issued a “neutral” rating and a $88.00 price target for the company. Zacks Research upgraded shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, October 8th. Finally, Susquehanna raised their target price on shares of Allegiant Travel from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.55.

Allegiant Travel Price Performance

Shares of ALGT opened at $84.66 on Friday. The company’s 50-day moving average is $73.36 and its 200-day moving average is $63.01. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95. The firm has a market capitalization of $1.55 billion, a PE ratio of -5.19, a PEG ratio of 0.57 and a beta of 1.67. Allegiant Travel Company has a fifty-two week low of $39.80 and a fifty-two week high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Thursday, May 12th. The transportation company reported $1.18 EPS for the quarter. The business had revenue of $496.88 million for the quarter. Allegiant Travel had a negative net margin of 11.36% and a positive return on equity of 5.24%. Equities analysts forecast that Allegiant Travel Company will post 7.7 EPS for the current year.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.