Allegiant Travel (NASDAQ:ALGT) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 77.8% in the 4th quarter, HoldingsChannel reports. The firm owned 15,687 shares of the transportation company’s stock after selling 55,113 shares during the period. WINTON GROUP Ltd’s holdings in Allegiant Travel were worth $1,476,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ALGT. EntryPoint Capital LLC acquired a new position in shares of Allegiant Travel during the fourth quarter worth about $702,000. Segall Bryant & Hamill LLC grew its holdings in Allegiant Travel by 4.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 107,935 shares of the transportation company’s stock worth $10,159,000 after acquiring an additional 4,427 shares in the last quarter. Emerald Advisers LLC acquired a new position in Allegiant Travel during the 4th quarter worth approximately $22,256,000. LPL Financial LLC increased its position in shares of Allegiant Travel by 61.2% in the 4th quarter. LPL Financial LLC now owns 16,548 shares of the transportation company’s stock valued at $1,558,000 after purchasing an additional 6,281 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Allegiant Travel in the 4th quarter valued at $75,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Price Performance

ALGT stock opened at $54.90 on Friday. The business has a 50 day simple moving average of $78.33 and a 200-day simple moving average of $73.99. The company has a market capitalization of $1.01 billion, a P/E ratio of -4.11 and a beta of 1.64. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. As a group, equities analysts anticipate that Allegiant Travel will post 7.7 EPS for the current year.

Wall Street Analyst Weigh In

ALGT has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group upped their price objective on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Bank of America raised their target price on Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research report on Friday, January 17th. Barclays upped their price target on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley raised their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.60.

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.