Allegiant Travel Company $ALGT Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its stake in shares of Allegiant Travel Company (NASDAQ:ALGT) by 40.4% in the 1st quarter, Holdings Channel reports. The firm owned 13,120 shares of the transportation company’s stock after selling 8,876 shares during the period. Quantinno Capital Management LP’s holdings in Allegiant Travel were worth $1,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after buying an additional 7,228 shares during the last quarter. Par Capital Management Inc. raised its holdings in shares of Allegiant Travel by 11.1% during the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after acquiring an additional 58,566 shares during the last quarter. State Street Corp raised its holdings in shares of Allegiant Travel by 0.4% during the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after acquiring an additional 2,282 shares during the last quarter. Franklin Resources Inc. lifted its position 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 valued at $33,380,000 after acquiring an additional 73,360 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Allegiant Travel by 14.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock worth $26,354,000 after acquiring an additional 53,800 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Stock Down 0.8%

Shares of ALGT opened at $85.75 on Friday. Allegiant Travel Company has a 52-week low of $53.70 and a 52-week high of $123.63. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The stock has a fifty day simple moving average of $101.13 and a two-hundred day simple moving average of $92.43. The company has a market capitalization of $2.34 billion, a PE ratio of 60.82, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm had revenue of $943.49 million for the quarter, compared to analysts’ expectations of $982.70 million. During the same quarter in the previous year, the company posted $1.23 EPS. The company’s revenue was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, equities analysts forecast that Allegiant Travel Company will post 7.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ALGT shares. The Goldman Sachs Group boosted their price target on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Bank of America raised their price objective on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Susquehanna lowered their target price on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price for the company. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

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.