Diamond Hill Capital Management Inc. Has $6.46 Million Position in Allegiant Travel Company $ALGT

Diamond Hill Capital Management Inc. reduced its stake in shares of Allegiant Travel Company (NASDAQ:ALGT) by 41.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,804 shares of the transportation company’s stock after selling 53,152 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Allegiant Travel were worth $6,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 117 shares during the period. FourThought Financial Partners LLC raised its position in shares of Allegiant Travel by 4.1% during the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock worth $295,000 after purchasing an additional 137 shares during the period. CWM LLC lifted its holdings in shares of Allegiant Travel by 3.9% during the 4th quarter. CWM LLC now owns 6,031 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 224 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Allegiant Travel by 43.7% in 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Allegiant Travel by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 394 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Price Performance

Shares of ALGT opened at $80.31 on Friday. The firm has a market capitalization of $1.48 billion, a PE ratio of -40.15, a P/E/G ratio of 0.37 and a beta of 1.50. The stock has a 50 day simple moving average of $80.69 and a 200 day simple moving average of $84.60. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. Allegiant Travel Company has a 52-week low of $42.56 and a 52-week high of $118.00.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $732.43 million during the quarter, compared to analysts’ expectations of $711.01 million. During the same period last year, the business earned $2.11 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Sell-side analysts predict that Allegiant Travel Company will post 4.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Morgan Stanley boosted their price objective on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. UBS Group boosted their price objective on Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Susquehanna reiterated a “positive” rating and issued a $110.00 price objective on shares of Allegiant Travel in a research report on Friday, February 6th. Finally, Citigroup decreased their price objective on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.70.

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.