Allegiant Travel Company $ALGT Position Increased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Allegiant Travel by 112.3% in Q1, owning approximately 0.05% of the company valued at $510,000.
• Allegiant Travel recently reported an earnings per share (EPS) of $1.23 for the last quarter, surpassing estimates of $0.83.
• The stock has a current consensus rating of "Hold" from analysts, with a target price averaging around $65.78.

Voya Investment Management LLC raised its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 112.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,870 shares of the transportation company's stock after purchasing an additional 5,222 shares during the period. Voya Investment Management LLC owned about 0.05% of Allegiant Travel worth $510,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management lifted its position in Allegiant Travel by 6.6% in the 1st quarter. Picton Mahoney Asset Management now owns 5,550 shares of the transportation company's stock valued at $286,000 after purchasing an additional 344 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Allegiant Travel by 4.5% during 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 buying an additional 394 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Allegiant Travel by 489.1% during the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock worth $28,000 after buying an additional 450 shares during the period. New York State Common Retirement Fund grew its holdings in Allegiant Travel by 8.5% in the 1st quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company's stock worth $310,000 after buying an additional 470 shares in the last quarter. Finally, US Bancorp DE increased its position in Allegiant Travel by 15.9% in the 1st quarter. US Bancorp DE now owns 5,825 shares of the transportation company's stock valued at $301,000 after acquiring an additional 800 shares during the period. Institutional investors own 85.81% of the company's stock.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $60.58 on Friday. The company has a 50-day moving average of $57.86 and a 200-day moving average of $54.25. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -3.80, a price-to-earnings-growth ratio of 0.54 and a beta of 1.71. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 1.68. Allegiant Travel Company has a twelve month low of $39.80 and a twelve month high of $107.57.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALGT. Evercore ISI upgraded Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price target for the company in a research report on Tuesday, July 1st. Morgan Stanley decreased their target price on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Susquehanna reiterated a "neutral" rating and issued a $50.00 target price (up previously from $45.00) on shares of Allegiant Travel in a research report on Tuesday, August 5th. Bank of America decreased their target price on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating for the company in a research report on Tuesday, July 8th. Finally, UBS Group increased their target price on shares of Allegiant Travel from $52.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Allegiant Travel presently has a consensus rating of "Hold" and a consensus target price of $65.78.

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.

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