9,878 Shares in Allegiant Travel (NASDAQ:ALGT) Acquired by Caxton Associates LP

Caxton Associates LP acquired a new position in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,878 shares of the transportation company's stock, valued at approximately $930,000. Caxton Associates LP owned 0.05% of Allegiant Travel as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ALGT. Emerald Advisers LLC bought a new position in shares of Allegiant Travel during the 4th quarter worth about $22,256,000. Mesirow Institutional Investment Management Inc. bought a new position in shares of Allegiant Travel during the 4th quarter worth about $13,830,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Allegiant Travel by 16.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company's stock valued at $87,404,000 after acquiring an additional 131,561 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Allegiant Travel during the 4th quarter valued at about $11,862,000. Finally, American Century Companies Inc. boosted its position in shares of Allegiant Travel by 14.8% during the 4th quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company's stock valued at $53,114,000 after acquiring an additional 72,759 shares in the last quarter. Institutional investors own 85.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America decreased their target price on shares of Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley lifted their target price on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. Raymond James reiterated a "strong-buy" rating and set a $80.00 target price (down from $90.00) on shares of Allegiant Travel in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.20.

Allegiant Travel Price Performance

NASDAQ:ALGT traded up $3.63 on Monday, reaching $58.08. The stock had a trading volume of 153,824 shares, compared to its average volume of 426,774. The company has a market capitalization of $1.06 billion, a P/E ratio of -4.32 and a beta of 1.78. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average price of $50.57 and a 200-day moving average price of $72.97.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The transportation company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. The firm had revenue of $699.07 million for the quarter, compared to analyst estimates of $700.00 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts forecast that Allegiant Travel will post 7.7 EPS for the current year.

Allegiant Travel 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.