Sierra Summit Advisors LLC Acquires Shares of 4,672 Allegiant Travel Company $ALGT

Posted by on Jul 4th, 2026

Sierra Summit Advisors LLC bought a new stake in Allegiant Travel Company (NASDAQ:ALGT – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,672 shares of the transportation company’s stock, valued at approximately $379,000.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after purchasing an additional 7,228 shares during the last quarter. American Century Companies Inc. raised its position in Allegiant Travel by 5.7% in the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock worth $41,829,000 after purchasing an additional 37,205 shares during the period. Par Capital Management Inc. lifted its stake in Allegiant Travel by 11.1% in the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after purchasing an additional 58,566 shares during the last quarter. State Street Corp boosted its position in shares of Allegiant Travel by 0.4% during the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after buying an additional 2,282 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Allegiant Travel by 15.4% during the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after buying an additional 73,360 shares during the period. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Price Performance

Allegiant Travel stock opened at $118.67 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -59.33, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. Allegiant Travel Company has a 1 year low of $42.56 and a 1 year high of $123.63. The firm has a 50-day moving average of $89.38 and a two-hundred day moving average of $89.81.

Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The business had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same period last year, the company posted $2.11 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, research analysts forecast that Allegiant Travel Company will post 4.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALGT. The Goldman Sachs Group upped their target price on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and raised their price target for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. UBS Group boosted their price objective on Allegiant Travel from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Bank of America upped their price objective on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Allegiant Travel currently has an average rating of “Moderate Buy” and a consensus target price of $118.17.

View Our Latest Analysis on Allegiant Travel

Allegiant Travel Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Allegiant Travel (NASDAQ:ALGT)

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