Great Lakes Advisors LLC purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 20,450 shares of the transportation company’s stock, valued at approximately $2,405,000.
Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Allegiant Travel in the second quarter worth approximately $26,000. Parallel Advisors LLC grew its position in Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after acquiring an additional 377 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allegiant Travel during the 2nd quarter worth $42,000. NewEdge Advisors LLC raised its holdings in shares of 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. Finally, iSAM Funds UK Ltd bought a new position in shares of Allegiant Travel during the 3rd quarter valued at $69,000. Institutional investors own 85.81% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on ALGT. Susquehanna decreased their price objective on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a report on Friday, August 7th. The Goldman Sachs Group upped their price target on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and raised their price objective for the company from $98.00 to $156.00 in a research note on Friday, June 26th. Melius Research upgraded Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Tuesday, July 7th. Finally, Morgan Stanley upped their target price on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.
Allegiant Travel Stock Performance
ALGT opened at $81.85 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of 58.05, a P/E/G ratio of 0.21 and a beta of 1.53. Allegiant Travel Company has a 1 year low of $56.64 and a 1 year high of $123.63. The stock’s 50 day simple moving average is $100.64 and its 200-day simple moving average is $92.18. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The company had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. During the same period last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Sell-side analysts forecast that Allegiant Travel Company will post 6.95 EPS for the current year.
About Allegiant Travel
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.
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