Heartland Advisors Inc. Acquires New Shares in Allegiant Travel Company $ALGT

Heartland Advisors Inc. bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, HoldingsChannel.com reports. The firm bought 184,835 shares of the transportation company’s stock, valued at approximately $21,737,000. Allegiant Travel comprises about 1.0% of Heartland Advisors Inc.’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ALGT. BlackRock Inc. bought a new position in shares of Allegiant Travel in the second quarter worth about $416,591,000. Donald Smith & CO. Inc. bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at approximately $175,636,000. Bank of New York Mellon Corp bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at approximately $33,013,000. Balyasny Asset Management L.P. acquired a new position in Allegiant Travel during the 4th quarter worth approximately $16,405,000. Finally, Amazon Com Inc. acquired a new position in Allegiant Travel during the 2nd quarter worth approximately $17,560,000. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Up 7.1%

Shares of NASDAQ ALGT opened at $81.85 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. Allegiant Travel Company has a 52-week low of $56.64 and a 52-week high of $123.63. The firm has a 50 day moving average price of $100.64 and a two-hundred day moving average price of $92.18. The stock has a market cap of $2.24 billion, a P/E ratio of 58.05, a price-to-earnings-growth ratio of 0.21 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. 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 6.95 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their price target for the stock from $98.00 to $156.00 in a report on Friday, June 26th. Bank of America increased their price target on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Susquehanna cut their price objective on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, Barclays started coverage on Allegiant Travel in a research report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

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.