Scientech Research LLC Invests $765,000 in Allegiant Travel Company $ALGT

Key Points

• Scientech Research LLC purchased 14,813 shares of Allegiant Travel Company, valued at approximately $765,000, marking a new investment in the company during the first quarter.
• Institutional investors collectively own 85.81% of Allegiant Travel's stock, with several firms significantly increasing their stakes during the same period.
• Allegiant Travel recently reported earnings of $1.23 per share, surpassing analysts' expectations, while setting future guidance of EPS between -2.750 and -1.750 for the upcoming quarter.

Scientech Research LLC acquired a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,813 shares of the transportation company's stock, valued at approximately $765,000. Scientech Research LLC owned about 0.08% of Allegiant Travel at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ALGT. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 450 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Allegiant Travel by 376.5% in 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 purchasing an additional 817 shares during the last quarter. CWM LLC lifted its position in Allegiant Travel by 400.8% in the 1st 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. Y Intercept Hong Kong Ltd bought a new stake in Allegiant Travel in the 1st quarter valued at about $213,000. Finally, FORA Capital LLC bought a new stake in Allegiant Travel in the 1st quarter valued at about $259,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALGT. Susquehanna reiterated a "neutral" rating and issued a $50.00 price objective (up from $45.00) on shares of Allegiant Travel in a research report on Tuesday, August 5th. UBS Group cut their price objective on shares of Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Bank of America dropped their price target 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. Zacks Research upgraded shares of Allegiant Travel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Finally, Evercore ISI upgraded shares of Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price target on the stock in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $64.33.

Allegiant Travel Price Performance

Shares of ALGT traded down $0.03 during mid-day trading on Friday, hitting $64.74. The company's stock had a trading volume of 364,011 shares, compared to its average volume of 345,257. The firm has a 50-day moving average price of $56.34 and a 200 day moving average price of $54.55. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.06, a PEG ratio of 0.59 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 Company has a fifty-two week low of $39.80 and a fifty-two week high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its 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. The business had revenue of $689.40 million for the quarter, compared to the consensus estimate of $685.58 million. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm 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. On average, research analysts predict that Allegiant Travel Company will post 7.7 EPS for the current fiscal year.

Allegiant Travel 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.