Allegiant Travel Company $ALGT Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. reduced its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 11.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 184,005 shares of the transportation company’s stock after selling 23,275 shares during the quarter. Heartland Advisors Inc.’s holdings in Allegiant Travel were worth $14,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALGT. Balyasny Asset Management L.P. acquired a new position in shares of Allegiant Travel during the fourth quarter valued at about $16,405,000. Assenagon Asset Management S.A. acquired a new stake in Allegiant Travel in the 1st quarter worth approximately $11,781,000. Principal Financial Group Inc. boosted its stake in Allegiant Travel by 151.1% in the 1st quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock worth $13,066,000 after purchasing an additional 97,010 shares in the last quarter. Franklin Resources Inc. grew its position in Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after purchasing an additional 73,360 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Allegiant Travel by 148.1% during the 2nd quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after purchasing an additional 70,982 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALGT. Susquehanna raised their target price on Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. The Goldman Sachs Group boosted their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. UBS Group raised Allegiant Travel from a “hold” rating to a “buy” rating in a report on Wednesday, July 8th. Bank of America raised their price objective on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Melius Research raised 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. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

Allegiant Travel Trading Down 4.3%

Shares of ALGT stock opened at $100.90 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -50.45, a PEG ratio of 0.26 and a beta of 1.51. The stock has a 50 day simple moving average of $95.37 and a 200-day simple moving average of $91.43. Allegiant Travel Company has a 1-year low of $42.56 and a 1-year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter last year, the firm posted $2.11 EPS. The business’s 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. On average, equities research analysts expect that Allegiant Travel Company will post 7.49 EPS for the current fiscal 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.