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

WINTON GROUP Ltd trimmed its position in Allegiant Travel (NASDAQ:ALGT) by 77.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,687 shares of the transportation company’s stock after selling 55,113 shares during the period. WINTON GROUP Ltd owned about 0.09% of Allegiant Travel worth $1,476,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after buying an additional 138 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Allegiant Travel by 3.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock valued at $584,000 after acquiring an additional 200 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after purchasing an additional 223 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after purchasing an additional 236 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Allegiant Travel in the fourth quarter valued at approximately $25,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Allegiant Travel Stock Down 1.8 %

Shares of NASDAQ ALGT opened at $54.90 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $78.33 and its two-hundred day moving average is $73.99. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -4.11 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Research analysts predict that Allegiant Travel will post 7.7 EPS for the current year.

Wall Street Analyst Weigh In

ALGT has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. TD Cowen boosted their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Raymond James boosted their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Finally, Susquehanna raised their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and a consensus price target of $84.60.

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.