FORA Capital LLC Makes New Investment in Allegiant Travel Company $ALGT

Key Points

• FORA Capital LLC has acquired a new position in Allegiant Travel Company, purchasing 5,023 shares valued at approximately $259,000 during the first quarter.
• Despite some analysts lowering their price targets, the consensus rating for Allegiant Travel is "Hold" with an average price target of $64.33.
• Allegiant Travel reported earnings of $1.23 per share for the last quarter, surpassing the expected $0.83 and showing a revenue increase of 3.5% year-over-year.

FORA Capital LLC purchased a new stake in Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,023 shares of the transportation company's stock, valued at approximately $259,000.

A number of other institutional investors also recently modified their holdings of ALGT. Farther Finance Advisors LLC lifted its holdings in shares of Allegiant Travel by 489.1% in the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock valued at $28,000 after purchasing an additional 450 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Allegiant Travel by 376.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,034 shares of the transportation company's stock valued at $53,000 after purchasing an additional 817 shares in the last quarter. CWM LLC lifted its holdings in shares of Allegiant Travel by 400.8% in the first 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Allegiant Travel in the first quarter valued at about $213,000. Finally, PDT Partners LLC bought a new stake in shares of Allegiant Travel in the fourth quarter valued at about $229,000. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Stock Performance

NASDAQ ALGT traded down $1.57 during trading on Thursday, reaching $64.27. 313,133 shares of the company's stock were exchanged, compared to its average volume of 400,444. Allegiant Travel Company has a fifty-two week low of $39.10 and a fifty-two week high of $107.57. The business has a 50 day moving average price of $55.70 and a 200-day moving average price of $55.36. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07. The stock has a market capitalization of $1.18 billion, a P/E ratio of -4.03, a PEG ratio of 0.60 and a beta of 1.71.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.40. The business had revenue of $689.40 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 3.5% compared to the same quarter last year. 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. Sell-side analysts forecast that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALGT has been the topic of a number of research reports. Susquehanna restated a "neutral" rating and issued a $50.00 price target (up from $45.00) on shares of Allegiant Travel in a report on Tuesday, August 5th. TD Cowen lifted their target price on Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Evercore ISI raised Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 target price on the stock in a research report on Tuesday, July 1st. UBS Group lowered their target price on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Barclays lowered their target price on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $64.33.

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.