Jump Financial LLC Takes Position in Allegiant Travel Company $ALGT

Key Points

• Jump Financial LLC has acquired 43,245 shares of Allegiant Travel Company, equating to approximately $2.23 million, making up 0.24% of the company's stock.
• Allegiant Travel's stock has seen a **4.1% increase** in trading, currently valued at $62.04, with a market capitalization of **$1.14 billion**.
• Recent earnings reports showed Allegiant Travel posted an earnings per share (EPS) of $1.23, surpassing analysts' expectations by $0.40, and reporting a **3.5% increase** in revenue year-over-year.

Jump Financial LLC purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 43,245 shares of the transportation company's stock, valued at approximately $2,234,000. Jump Financial LLC owned about 0.24% of Allegiant Travel at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of Allegiant Travel by 489.1% during 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 during the period. Caitong International Asset Management Co. Ltd boosted its position in Allegiant Travel by 376.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,034 shares of the transportation company's stock valued at $53,000 after buying an additional 817 shares during the period. PDT Partners LLC purchased a new stake in Allegiant Travel during the 4th quarter valued at $229,000. CWM LLC grew its holdings in Allegiant Travel by 400.8% in the 1st quarter. CWM LLC now owns 2,559 shares of the transportation company's stock worth $132,000 after acquiring an additional 2,048 shares during the last quarter. Finally, Mariner LLC purchased a new position in shares of Allegiant Travel in the fourth quarter valued at about $371,000. Institutional investors own 85.81% of the company's stock.

Allegiant Travel Trading Up 4.1%

NASDAQ ALGT opened at $62.04 on Wednesday. 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 Company has a twelve month low of $39.10 and a twelve month high of $107.57. The firm has a market capitalization of $1.14 billion, a PE ratio of -3.89, a P/E/G ratio of 0.54 and a beta of 1.72. The stock's 50 day moving average is $54.14 and its 200 day moving average is $56.18.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $685.58 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. The firm's quarterly 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. Research analysts forecast that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALGT shares. Raymond James Financial reiterated a "strong-buy" rating and set a $80.00 target price (down from $90.00) on shares of Allegiant Travel in a report on Wednesday, May 7th. Susquehanna reiterated a "neutral" rating and issued a $50.00 price objective (up previously from $45.00) on shares of Allegiant Travel in a report on Tuesday, August 5th. Barclays reduced their target price on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their price target on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, TD Cowen lifted their price target on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a report on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allegiant Travel presently has a consensus rating of "Hold" and a consensus target price of $64.33.

About Allegiant Travel

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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