Caxton Associates LLP Purchases Shares of 23,590 Allegiant Travel Company $ALGT

Key Points

• Caxton Associates LLP purchased a new stake of 23,590 shares in Allegiant Travel Company, valued at approximately $1,218,000, during the first quarter.
• Institutional investors hold around 85.81% of Allegiant Travel's stock, with other firms such as Farther Finance Advisors and Caitong International significantly increasing their stakes.
• Allegiant Travel recently reported earnings of $1.23 per share, surpassing analysts' expectations, and has set a full-year guidance of 2.250 EPS.

Caxton Associates LLP acquired a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,590 shares of the transportation company's stock, valued at approximately $1,218,000. Caxton Associates LLP owned about 0.13% of Allegiant Travel at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Allegiant Travel by 489.1% during the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock valued at $28,000 after acquiring an additional 450 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Allegiant Travel by 376.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,034 shares of the transportation company's stock worth $53,000 after acquiring an additional 817 shares in the last quarter. CWM LLC boosted its position in Allegiant Travel by 400.8% during the 1st quarter. CWM LLC now owns 2,559 shares of the transportation company's stock valued at $132,000 after purchasing an additional 2,048 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Allegiant Travel during the 1st quarter valued at approximately $213,000. Finally, ProShare Advisors LLC acquired a new position in Allegiant Travel during the 4th quarter valued at approximately $438,000. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Stock Down 0.0%

Shares of NASDAQ:ALGT traded down $0.03 on Friday, reaching $64.74. The company had a trading volume of 364,011 shares, compared to its average volume of 345,257. Allegiant Travel Company has a twelve month low of $39.80 and a twelve month high of $107.57. The stock has a 50-day moving average price of $56.34 and a 200 day moving average price of $54.55. The stock has a market capitalization of $1.19 billion, a P/E ratio of -4.06, a P/E/G ratio of 0.59 and a beta of 1.71. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.68.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ALGT shares. Morgan Stanley reduced their price objective on 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. UBS Group cut their target price on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Susquehanna reaffirmed a "neutral" rating and set a $50.00 target price (up previously from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. Evercore ISI raised Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price objective on the stock in a research note on Tuesday, July 1st. Finally, Zacks Research raised Allegiant Travel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.