Hudson Bay Capital Management LP Purchases Shares of 18,252 Allegiant Travel Company $ALGT

Hudson Bay Capital Management LP acquired a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,252 shares of the transportation company’s stock, valued at approximately $1,109,000. Hudson Bay Capital Management LP owned approximately 0.10% of Allegiant Travel at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ALGT. Federated Hermes Inc. grew its stake in shares of Allegiant Travel by 12.9% during the second quarter. Federated Hermes Inc. now owns 215,531 shares of the transportation company’s stock valued at $11,843,000 after purchasing an additional 24,557 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Allegiant Travel in the 2nd quarter valued at about $205,000. Apollo Management Holdings L.P. bought a new stake in Allegiant Travel in the second quarter valued at approximately $6,124,000. Jump Financial LLC increased its position in shares of Allegiant Travel by 195.5% in the 2nd quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock valued at $7,023,000 after buying an additional 84,555 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of Allegiant Travel by 23.7% during the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock valued at $25,992,000 after purchasing an additional 81,987 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $77.05 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $93.73 and a 200 day simple moving average of $79.19. The company has a market cap of $1.42 billion, a P/E ratio of -29.98, a PEG ratio of 0.18 and a beta of 1.55. Allegiant Travel Company has a 12-month low of $39.80 and a 12-month high of $118.00.

Insider Transactions at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total transaction of $98,154.00. Following the sale, the chairman directly owned 150,000 shares in the company, valued at approximately $17,100,000. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 300,000 shares of company stock valued at $34,350,512. Insiders own 14.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ALGT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Friday, December 12th. Wolfe Research upgraded shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a report on Tuesday, January 20th. Raymond James Financial lowered Allegiant Travel from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $78.00 to $98.00 in a research note on Friday, December 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, January 21st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $110.00 price objective on shares of Allegiant Travel in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Allegiant Travel currently has a consensus rating of “Hold” and a consensus price target of $97.64.

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.