Meros Investment Management LP Invests $8.22 Billion in Allegiant Travel Company $ALGT

Meros Investment Management LP acquired a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 69,928 shares of the transportation company’s stock, valued at approximately $8,223,533,000. Allegiant Travel comprises about 2.6% of Meros Investment Management LP’s holdings, making the stock its 13th biggest holding. Meros Investment Management LP owned approximately 0.26% of Allegiant Travel as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Allegiant Travel during the second quarter worth $26,000. Allworth Financial LP bought a new position in shares of Allegiant Travel in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allegiant Travel during the 2nd quarter worth about $42,000. Parallel Advisors LLC increased its stake in shares of Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after purchasing an additional 377 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at about $69,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Price Performance

Allegiant Travel stock opened at $82.32 on Wednesday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 58.38, a PEG ratio of 0.23 and a beta of 1.53. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Allegiant Travel Company has a 12 month low of $57.11 and a 12 month high of $123.63. The stock’s 50 day moving average is $100.10 and its 200-day moving average is $91.99.

Allegiant Travel (NASDAQ:ALGT) last released 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. The business had revenue of $943.49 million during the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Equities research analysts expect that Allegiant Travel Company will post 6.95 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALGT. Bank of America raised their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price objective for the company. Raymond James Financial raised Allegiant Travel from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $138.00 to $116.00 in a report on Monday. The Goldman Sachs Group raised their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Morgan Stanley increased their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.38.

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.