Seaport Res Ptn Cuts Earnings Estimates for Allegiant Travel

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for shares of Allegiant Travel in a research note issued on Wednesday, February 5th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $2.20 for the quarter, down from their previous forecast of $2.40. The consensus estimate for Allegiant Travel’s current full-year earnings is $2.43 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s FY2026 earnings at $11.25 EPS and FY2027 earnings at $12.50 EPS.

Other research analysts have also issued research reports about the company. UBS Group initiated coverage on Allegiant Travel in a research report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Barclays raised their price target on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America raised their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a report on Friday, January 17th. Finally, TD Cowen upped their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $80.10.

Allegiant Travel Stock Performance

Shares of NASDAQ:ALGT opened at $89.29 on Friday. The firm has a fifty day simple moving average of $92.98 and a two-hundred day simple moving average of $67.83. 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 has a market capitalization of $1.64 billion, a P/E ratio of -59.53, a PEG ratio of 1.36 and a beta of 1.63. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a negative net margin of 1.04% and a positive return on equity of 0.63%.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds have recently made changes to their positions in ALGT. Signaturefd LLC raised its holdings in Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Allegiant Travel in the 4th quarter worth approximately $25,000. Nisa Investment Advisors LLC raised its stake in shares of Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after acquiring an additional 304 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Allegiant Travel by 94.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 223 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Allegiant Travel by 53.5% in the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 236 shares in the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the transaction, the chairman now directly owns 2,147,730 shares in the company, valued at $181,397,275.80. This represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 350 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares of the company’s stock, valued at approximately $940,970.50. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

Allegiant Travel Company 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.