Primecap Management Co. CA Buys New Position in Allegiant Travel Company $ALGT

Primecap Management Co. CA purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,450 shares of the transportation company’s stock, valued at approximately $3,934,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in Allegiant Travel in the second quarter valued at approximately $26,000. Allworth Financial LP purchased a new position in shares of Allegiant Travel during the second quarter worth approximately $26,000. Parallel Advisors LLC grew its position in shares of Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after acquiring an additional 377 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allegiant Travel during the second quarter worth approximately $42,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 373 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

ALGT has been the subject of several research reports. The Goldman Sachs Group upped their price target 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. Wall Street Zen downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Susquehanna dropped their price objective 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. Raymond James Financial raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from $138.00 to $116.00 in a report on Monday. Finally, Zacks Research upgraded shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Allegiant Travel presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.38.

Allegiant Travel Trading Up 0.3%

NASDAQ:ALGT opened at $82.60 on Thursday. The firm has a market cap of $2.26 billion, a P/E ratio of 58.58, 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. The stock’s 50 day simple moving average is $99.83 and its 200-day simple moving average is $91.87. Allegiant Travel Company has a 12-month low of $57.11 and a 12-month high of $123.63.

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 during the quarter, compared to the consensus estimate of $982.70 million. During the same period last year, the company earned $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. Equities analysts anticipate that Allegiant Travel Company will post 6.83 EPS for the current year.

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.