Caxton Associates LP Makes New $930,000 Investment in Allegiant Travel (NASDAQ:ALGT)

Caxton Associates LP bought a new stake in Allegiant Travel (NASDAQ:ALGT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,878 shares of the transportation company’s stock, valued at approximately $930,000. Caxton Associates LP owned approximately 0.05% of Allegiant Travel as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALGT. UBS Group decreased their target price on Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Susquehanna dropped their target price on shares of Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Bank of America decreased their price target on shares of Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating for the company in a research note on Thursday, April 3rd. Barclays dropped their price objective on Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research 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 strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.00.

Allegiant Travel Trading Down 2.1 %

Allegiant Travel stock opened at $49.40 on Wednesday. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57. The stock has a market cap of $901.71 million, a PE ratio of -3.69 and a beta of 1.78. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a 50-day moving average of $51.49 and a two-hundred day moving average of $73.11.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Allegiant Travel will post 7.7 EPS for the current fiscal year.

About Allegiant Travel

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.