Squarepoint Ops LLC Has $1.68 Million Stock Holdings in Allegiant Travel (NASDAQ:ALGT)

Squarepoint Ops LLC lessened its stake in Allegiant Travel (NASDAQ:ALGT - Free Report) by 78.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,843 shares of the transportation company's stock after selling 64,259 shares during the period. Squarepoint Ops LLC owned about 0.10% of Allegiant Travel worth $1,679,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock valued at $56,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp raised its position in Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after purchasing an additional 223 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Allegiant Travel during the fourth quarter worth $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Allegiant Travel by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,808 shares of the transportation company's stock worth $829,000 after acquiring an additional 292 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Allegiant Travel by 1.1% during the fourth quarter. Legal & General Group Plc now owns 31,767 shares of the transportation company's stock worth $2,990,000 after acquiring an additional 348 shares during the last quarter. Institutional investors own 85.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays dropped their price objective on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Bank of America reduced their price target on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley dropped their price objective on Allegiant Travel from $93.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Raymond James reiterated a "strong-buy" rating and set a $80.00 target price (down previously from $90.00) on shares of Allegiant Travel in a research note on Wednesday, May 7th. Finally, TD Cowen increased their price target on Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.70.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT traded up $2.31 during mid-day trading on Tuesday, hitting $57.46. 510,175 shares of the stock traded hands, compared to its average volume of 429,935. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The company has a market cap of $1.05 billion, a PE ratio of -4.30 and a beta of 1.78. The firm has a 50 day simple moving average of $50.27 and a two-hundred day simple moving average of $71.32.

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

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.