Landscape Capital Management L.L.C. Invests $12.21 Million in Allegiant Travel Company $ALGT

Landscape Capital Management L.L.C. acquired a new position in Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 103,799 shares of the transportation company’s stock, valued at approximately $12,207,000. Allegiant Travel comprises about 0.8% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 11th biggest position. Landscape Capital Management L.L.C. owned about 0.56% of Allegiant Travel as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALGT. BlackRock Inc. purchased a new stake in shares of Allegiant Travel during the second quarter valued at approximately $416,591,000. Donald Smith & CO. Inc. bought a new stake in Allegiant Travel during the 2nd quarter valued at approximately $175,636,000. Dimensional Fund Advisors LP raised its stake 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 period. Par Capital Management Inc. lifted its holdings in Allegiant Travel by 11.1% in the 2nd 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 in the last quarter. Finally, State Street Corp boosted its stake in Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after purchasing an additional 2,282 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALGT. The Goldman Sachs Group lifted their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Morgan Stanley raised their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Zacks Research upgraded shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Weiss Ratings upgraded shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Susquehanna dropped their price objective on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Allegiant Travel Stock Up 7.1%

Shares of NASDAQ ALGT opened at $81.85 on Friday. Allegiant Travel Company has a 1 year low of $56.64 and a 1 year high of $123.63. The firm has a 50-day simple moving average of $100.64 and a two-hundred day simple moving average of $92.18. The company has a market cap of $2.24 billion, a P/E ratio of 58.05, a PEG ratio of 0.21 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. During the same period in the prior year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Research analysts anticipate that Allegiant Travel Company will post 6.95 earnings per share for the current year.

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.