Jackson Creek Investment Advisors LLC Invests $806,000 in Allegiant Travel Company (NASDAQ:ALGT)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,612 shares of the transportation company's stock, valued at approximately $806,000. Jackson Creek Investment Advisors LLC owned 0.09% of Allegiant Travel as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Allegiant Travel in the 4th quarter valued at about $383,000. Commonwealth Equity Services LLC bought a new stake in shares of Allegiant Travel in the 4th quarter valued at about $270,000. Signaturefd LLC boosted its stake in Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after purchasing an additional 138 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Allegiant Travel in the 4th quarter worth approximately $292,000. Finally, Blueshift Asset Management LLC acquired a new stake in Allegiant Travel in the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 85.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Susquehanna cut their target price on shares of Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Morgan Stanley lowered their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. UBS Group initiated coverage on shares of Allegiant Travel in a research report on Monday, July 7th. They issued a "neutral" rating and a $59.00 target price on the stock. TD Cowen upped their target price on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Bank of America decreased their target price on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating on the stock in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.11.

Allegiant Travel Stock Down 1.2%

Shares of ALGT traded down $0.61 during trading on Friday, reaching $51.69. The company's stock had a trading volume of 300,420 shares, compared to its average volume of 421,408. The company has a fifty day moving average of $54.93 and a two-hundred day moving average of $64.72. Allegiant Travel Company has a twelve month low of $36.09 and a twelve month high of $107.57. The company has a market cap of $943.60 million, a price-to-earnings ratio of -4.47, a P/E/G ratio of 0.43 and a beta of 1.71. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 1.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $699.07 million for the quarter, compared to analyst estimates of $700.00 million. Allegiant Travel had a positive return on equity of 5.46% and a negative net margin of 8.11%. The business's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. On average, sell-side analysts predict that Allegiant Travel Company 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.