Vanguard Group Inc. Sells 61,408 Shares of Allegiant Travel Company $ALGT

Vanguard Group Inc. lessened its holdings in Allegiant Travel Company (NASDAQ:ALGT) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,616,200 shares of the transportation company’s stock after selling 61,408 shares during the period. Vanguard Group Inc. owned 8.83% of Allegiant Travel worth $137,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. M&T Bank Corp acquired a new position in shares of Allegiant Travel in the fourth quarter valued at $1,324,000. Evergreen Capital Management LLC acquired a new stake in shares of Allegiant Travel during the 4th quarter worth about $208,000. CWM LLC boosted 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 worth $514,000 after buying an additional 224 shares during the period. Signaturefd LLC grew its stake in Allegiant Travel by 27.3% in the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after buying an additional 117 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Allegiant Travel by 24.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,693 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 934 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Analysts Set New Price Targets

ALGT has been the topic of several research reports. Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Allegiant Travel in a research report on Friday, February 6th. Morgan Stanley upped their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Citigroup decreased their target price on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Barclays raised their price objective on Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Finally, Evercore upped their price objective on shares of Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allegiant Travel presently has a consensus rating of “Hold” and a consensus target price of $102.70.

Allegiant Travel Trading Down 4.4%

Shares of ALGT stock opened at $79.38 on Tuesday. Allegiant Travel Company has a fifty-two week low of $42.56 and a fifty-two week high of $118.00. The stock’s fifty day moving average price is $82.86 and its two-hundred day moving average price is $83.94. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market cap of $1.46 billion, a PE ratio of -39.69, a P/E/G ratio of 0.43 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data 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 positive return on equity of 10.07% and a negative net margin of 1.30%.The business had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. During the same period in the prior year, the company earned $2.11 EPS. Allegiant Travel’s revenue for the quarter was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities analysts predict that Allegiant Travel Company will post 3.57 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.