Campbell & CO Investment Adviser LLC Acquires New Shares in Allegiant Travel Company $ALGT

Key Points

• Campbell & CO Investment Adviser LLC acquired 86,411 shares of Allegiant Travel valued at approximately $4.46 million, increasing its stake to 0.47% of the company.
• A significant 85.81% of Allegiant Travel's stock is held by institutional investors, indicating strong institutional interest in the company.
• Analysts have mixed ratings on Allegiant Travel, with a consensus target price of $64.33, reflecting a range of ratings from "Strong Buy" to "Sell."

Campbell & CO Investment Adviser LLC bought a new stake in Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 86,411 shares of the transportation company's stock, valued at approximately $4,463,000. Campbell & CO Investment Adviser LLC owned approximately 0.47% of Allegiant Travel as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its stake in Allegiant Travel by 32.6% during the first quarter. Donald Smith & CO. Inc. now owns 1,350,447 shares of the transportation company's stock worth $69,751,000 after buying an additional 331,998 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Allegiant Travel during the fourth quarter worth $26,067,000. Federated Hermes Inc. purchased a new position in Allegiant Travel during the first quarter worth $9,864,000. Voloridge Investment Management LLC purchased a new position in Allegiant Travel during the fourth quarter worth $16,713,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Allegiant Travel by 16.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company's stock worth $87,404,000 after buying an additional 131,561 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Trading Up 0.1%

Shares of NASDAQ:ALGT traded up $0.04 on Friday, hitting $62.34. 76,768 shares of the company's stock were exchanged, compared to its average volume of 443,840. Allegiant Travel Company has a 12 month low of $39.10 and a 12 month high of $107.57. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -3.92, a price-to-earnings-growth ratio of 0.57 and a beta of 1.72. The business's 50 day simple moving average is $54.59 and its two-hundred day simple moving average is $56.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.40. The firm had revenue of $689.40 million during the quarter, compared to the consensus estimate of $685.58 million. Allegiant Travel had a positive return on equity of 5.00% and a negative net margin of 11.10%.The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750--1.750 EPS. Analysts anticipate that Allegiant Travel Company will post 7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALGT shares. Raymond James Financial reaffirmed a "strong-buy" rating and set a $80.00 price objective (down from $90.00) on shares of Allegiant Travel in a research note on Wednesday, May 7th. Morgan Stanley dropped their price objective on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Susquehanna reaffirmed a "neutral" rating and set a $50.00 price objective (up from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. UBS Group dropped their price objective on shares of Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Evercore ISI upgraded Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 target price for the company in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Allegiant Travel currently has an average rating of "Hold" and an average price target of $64.33.

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.