Emerald Advisers LLC Buys 81,987 Shares of Allegiant Travel Company $ALGT

Emerald Advisers LLC raised its stake in shares of Allegiant Travel Company (NASDAQ:ALGT) by 23.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 427,718 shares of the transportation company’s stock after buying an additional 81,987 shares during the quarter. Emerald Advisers LLC owned about 2.33% of Allegiant Travel worth $25,992,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Allegiant Travel by 28.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 205 shares in the last quarter. GAMMA Investing LLC grew its position in Allegiant Travel by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 407 shares during the last quarter. NewEdge Advisors LLC increased its stake in Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. State of Wyoming bought a new stake in Allegiant Travel during the 2nd quarter valued at about $159,000. Finally, Tower Research Capital LLC TRC raised its holdings in Allegiant Travel by 856.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,308 shares of the transportation company’s stock worth $182,000 after buying an additional 2,962 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Stock Up 2.2%

Allegiant Travel stock opened at $90.61 on Thursday. Allegiant Travel Company has a one year low of $39.80 and a one year high of $107.57. The stock has a fifty day moving average of $81.81 and a 200 day moving average of $67.41. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.95 and a current ratio of 0.98. The stock has a market cap of $1.66 billion, a PE ratio of -5.56, a price-to-earnings-growth ratio of 0.24 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, November 4th. The transportation company reported ($2.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.84) by ($0.25). Allegiant Travel had a negative net margin of 11.36% and a positive return on equity of 5.24%. The firm had revenue of $561.93 million for the quarter, compared to the consensus estimate of $575.13 million. During the same quarter in the prior year, the firm earned ($2.02) earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Allegiant Travel has set its FY 2025 guidance at 3.000- EPS and its Q4 2025 guidance at 1.500-2.500 EPS. As a group, sell-side analysts predict that Allegiant Travel Company will post 7.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Zacks Research upgraded Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. Bank of America upgraded Allegiant Travel from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $55.00 to $95.00 in a research note on Tuesday, January 6th. Evercore ISI upped their price target on Allegiant Travel from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $92.73.

Allegiant Travel Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.