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

Vanguard Group Inc. cut its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.09% of Allegiant Travel worth $137,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Heartland Advisors Inc. bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at about $12,747,000. Emerald Advisers LLC raised its position in shares of Allegiant Travel by 23.7% during the third quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after acquiring an additional 81,987 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after acquiring an additional 73,360 shares during the period. Bank of America Corp DE lifted its stake in shares of Allegiant Travel by 148.1% in the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after acquiring an additional 70,982 shares during the period. Finally, UBS Group AG boosted its holdings in Allegiant Travel by 25.8% in the third quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock valued at $19,922,000 after acquiring an additional 67,327 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $79.38 on Tuesday. Allegiant Travel Company has a 1 year low of $42.56 and a 1 year high of $118.00. 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 business has a fifty day simple moving average of $82.86 and a two-hundred day simple moving average of $83.94. The company has a market capitalization of $1.46 billion, a P/E 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. The company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, analysts expect that Allegiant Travel Company will post 3.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Morgan Stanley increased their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Tuesday, January 20th. Barclays lifted their target price on Allegiant Travel from $60.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Finally, Citigroup reduced their price objective on shares of 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 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 currently has an average rating of “Hold” and an average target price of $102.70.

Allegiant Travel Company 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.