Intech Investment Management LLC Has $3.02 Million Stock Position in Allegiant Travel Company $ALGT

Key Points

• Intech Investment Management LLC significantly increased its position in Allegiant Travel Company by 798.5%, owning 58,494 shares valued at approximately $3.02 million by the end of the first quarter.
• Allegiant Travel reported quarterly earnings of $1.23 per share, exceeding estimates, with revenues of $689.40 million, a 3.5% increase year-over-year.
• The stock currently holds a consensus rating of "Hold" among analysts, with a projected target price of $64.33.

Intech Investment Management LLC grew its position in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 798.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 58,494 shares of the transportation company's stock after buying an additional 51,984 shares during the period. Intech Investment Management LLC owned 0.32% of Allegiant Travel worth $3,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in shares of Allegiant Travel by 8.5% in the first quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company's stock valued at $310,000 after purchasing an additional 470 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Allegiant Travel by 8.2% in the first quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company's stock valued at $977,000 after purchasing an additional 1,426 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Allegiant Travel in the first quarter valued at approximately $597,000. Illinois Municipal Retirement Fund boosted its stake in shares of Allegiant Travel by 33.8% in the first quarter. Illinois Municipal Retirement Fund now owns 9,826 shares of the transportation company's stock valued at $508,000 after buying an additional 2,480 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake 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 buying an additional 450 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Trading Down 0.0%

Allegiant Travel stock opened at $64.74 on Monday. The stock has a market cap of $1.19 billion, a P/E ratio of -4.06, a PEG ratio of 0.59 and a beta of 1.71. Allegiant Travel Company has a fifty-two week low of $39.80 and a fifty-two week high of $107.57. The firm's fifty day moving average price is $56.34 and its 200-day moving average price is $54.26. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results 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 negative net margin of 11.10% and a positive return on equity of 5.00%. The firm had revenue of $689.40 million for the quarter, compared to analysts' expectations of $685.58 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The business's quarterly revenue 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. Equities research analysts forecast that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALGT. Susquehanna restated a "neutral" rating and set a $50.00 target price (up from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. UBS Group decreased their price target on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Zacks Research upgraded Allegiant Travel from a "strong sell" rating to a "hold" rating in a report on Thursday, September 4th. Morgan Stanley reduced their target price on 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. Finally, 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 note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.

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