EntryPoint Capital LLC Buys New Shares in Allegiant Travel (NASDAQ:ALGT)

EntryPoint Capital LLC bought a new stake in shares of Allegiant Travel (NASDAQ:ALGT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,454 shares of the transportation company’s stock, valued at approximately $702,000. Allegiant Travel makes up approximately 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 27th largest holding.

Several other large investors have also added to or reduced their stakes in the business. Crews Bank & Trust acquired a new stake in shares of Allegiant Travel during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp grew its holdings in 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 purchasing an additional 223 shares during the period. Signaturefd LLC increased its stake in Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Allegiant Travel by 53.5% during the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 236 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Allegiant Travel during the 4th quarter worth about $75,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALGT shares. The Goldman Sachs Group upped their price target 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 target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. UBS Group lowered their target price on shares of Allegiant Travel from $93.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Raymond James lifted their price target on Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Finally, Barclays increased their price objective on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Allegiant Travel presently has a consensus rating of “Hold” and an average price target of $84.60.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $56.23 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of -4.21 and a beta of 1.64. 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 stock’s 50 day moving average price is $81.12 and its 200-day moving average price is $74.15. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57.

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

Allegiant Travel 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.