Scientech Research LLC Acquires New Shares 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 purchased a new stake in Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,813 shares of the transportation company's stock, valued at approximately $765,000. Scientech Research LLC owned 0.08% of Allegiant Travel at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Petrus Trust Company LTA acquired a new position in Allegiant Travel in the 1st quarter valued at $497,000. Mountain Lake Investment Management LLC grew its holdings in Allegiant Travel by 20.3% in the 1st quarter. Mountain Lake Investment Management LLC now owns 129,939 shares of the transportation company's stock valued at $6,711,000 after buying an additional 21,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Allegiant Travel by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company's stock valued at $475,000 after buying an additional 394 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Allegiant Travel by 40.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 389,832 shares of the transportation company's stock valued at $20,135,000 after buying an additional 112,875 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Allegiant Travel by 20.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 156,635 shares of the transportation company's stock valued at $8,090,000 after buying an additional 26,687 shares in the last quarter. Institutional investors own 85.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Susquehanna reaffirmed a "neutral" rating and issued a $50.00 price objective (up from $45.00) on shares of Allegiant Travel in a report on Tuesday, August 5th. Evercore ISI raised Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price objective on the stock in a report on Tuesday, July 1st. Zacks Research raised Allegiant Travel from a "strong sell" rating to a "hold" rating in a report on Thursday, September 4th. Bank of America reduced their target price on Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating on the stock in a report on Tuesday, July 8th. Finally, UBS Group reduced their target price on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $64.33.

Allegiant Travel Price Performance

Shares of ALGT traded down $0.03 during trading hours on Friday, hitting $64.74. 364,011 shares of the company were exchanged, compared to its average volume of 342,247. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -4.06, a P/E/G 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 company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.68. The firm's fifty day moving average is $56.34 and its 200 day moving average is $54.26.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.40. The business had revenue of $689.40 million for the quarter, compared to analyst estimates of $685.58 million. Allegiant Travel had a positive return on equity of 5.00% and a negative net margin of 11.10%.Allegiant Travel's 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, equities analysts anticipate that Allegiant Travel Company will post 7.7 earnings per share 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.