Petrus Trust Company LTA Invests $497,000 in Allegiant Travel Company $ALGT

Key Points

• Petrus Trust Company LTA acquired 9,619 shares of Allegiant Travel Company, valued at approximately $497,000, which represents about 0.05% ownership in the company.
• Multiple hedge funds increased their positions in Allegiant Travel, with notable raises from Northern Trust Corp (8.3%), Ameriprise Financial Inc. (137.7%), and Deutsche Bank AG (209.6%) during the 4th quarter.
• Allegiant Travel reported earnings of $1.23 per share, exceeding expectations by $0.40, alongside a revenue of $689.40 million for the recent quarter.

Petrus Trust Company LTA bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,619 shares of the transportation company's stock, valued at approximately $497,000. Petrus Trust Company LTA owned approximately 0.05% of Allegiant Travel as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ALGT. Farther Finance Advisors LLC grew its stake in shares of Allegiant Travel by 489.1% during the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock worth $28,000 after acquiring an additional 450 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 during the last quarter. CWM LLC raised 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Allegiant Travel in the fourth quarter valued at approximately $383,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Allegiant Travel in the first quarter valued at approximately $213,000. 85.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Evercore ISI raised shares of Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 target price for the company in a research note on Tuesday, July 1st. Bank of America decreased their target price on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating for the company in a research note on Tuesday, July 8th. Zacks Research raised shares of Allegiant Travel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Finally, Susquehanna reissued a "neutral" rating and issued a $50.00 target price (up from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Allegiant Travel has an average rating of "Hold" and a consensus target price of $64.33.

Allegiant Travel Stock Performance

Allegiant Travel stock traded up $0.33 during mid-day trading on Friday, hitting $65.10. 102,035 shares of the company's stock traded hands, compared to its average volume of 439,459. The firm has a 50 day simple moving average of $56.25 and a two-hundred day simple moving average of $54.64. Allegiant Travel Company has a fifty-two week low of $39.80 and a fifty-two week high of $107.57. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -4.08, a P/E/G ratio of 0.57 and a beta of 1.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced 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. 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 last year, the firm posted $0.75 EPS. The company'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. On average, research analysts expect 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.