XTX Topco Ltd Raises Stake in Allegiant Travel (NASDAQ:ALGT)

XTX Topco Ltd lifted its position in shares of Allegiant Travel (NASDAQ:ALGT) by 15.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,491 shares of the transportation company’s stock after buying an additional 2,279 shares during the quarter. XTX Topco Ltd owned approximately 0.10% of Allegiant Travel worth $963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Allegiant Travel by 1.7% during the third quarter. State Street Corp now owns 608,977 shares of the transportation company’s stock worth $33,530,000 after buying an additional 10,050 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Allegiant Travel during the third quarter worth about $210,000. Hauser Brothers GmbH grew its holdings in shares of Allegiant Travel by 73.0% during the third quarter. Hauser Brothers GmbH now owns 23,700 shares of the transportation company’s stock worth $1,305,000 after buying an additional 10,000 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Allegiant Travel during the third quarter worth about $1,004,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Allegiant Travel during the third quarter worth about $382,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegiant Travel

In related news, Director Sandra Douglass Morgan sold 350 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares in the company, valued at $940,970.50. This represents a 2.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Keny Frank Wilper sold 635 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares of the company’s stock, valued at $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,600 shares of company stock valued at $2,476,465 over the last ninety days. Corporate insiders own 15.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Evercore ISI boosted their target price on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a report on Friday, November 15th. Susquehanna boosted their target price on shares of Allegiant Travel from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, UBS Group assumed coverage on shares of Allegiant Travel in a report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 target price for the company. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.44.

Allegiant Travel Trading Up 0.6 %

Shares of ALGT stock opened at $82.78 on Wednesday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -55.19, a price-to-earnings-growth ratio of 6.60 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $86.94. The firm’s 50 day moving average price is $69.39 and its two-hundred day moving average price is $54.95.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.