Harbor Capital Advisors Inc. Has $197,000 Stock Holdings in Allegiant Travel Company $ALGT

Harbor Capital Advisors Inc. cut its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 27.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,583 shares of the transportation company’s stock after selling 1,367 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Allegiant Travel were worth $197,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Allegiant Travel by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,808 shares of the transportation company’s stock worth $829,000 after buying an additional 292 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Allegiant Travel during the fourth quarter worth about $438,000. Woodline Partners LP acquired a new stake in Allegiant Travel during the fourth quarter worth about $5,372,000. Voloridge Investment Management LLC acquired a new stake in Allegiant Travel during the fourth quarter worth about $16,713,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Allegiant Travel during the fourth quarter worth about $655,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALGT shares. Bank of America decreased their price objective on Allegiant Travel from $50.00 to $45.00 and set an “underperform” rating on the stock in a report on Tuesday, July 8th. Susquehanna reaffirmed a “neutral” rating and set 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. UBS Group decreased their price objective on Allegiant Travel from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Morgan Stanley decreased their price objective on Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.33.

Allegiant Travel Stock Performance

Shares of Allegiant Travel stock opened at $61.00 on Friday. The firm has a fifty day moving average of $57.04 and a two-hundred day moving average of $54.23. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.83, a PEG ratio of 0.57 and a beta of 1.71. Allegiant Travel Company has a 52 week low of $39.80 and a 52 week high of $107.57. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Monday, August 4th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.83 by $0.40. The company had revenue of $689.40 million during the quarter, compared to analysts’ expectations of $685.58 million. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS. As a group, equities research analysts predict that Allegiant Travel Company will post 7.7 EPS for the current 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.