Donald Smith & CO. Inc. Decreases Stock Holdings in Allegiant Travel Company $ALGT

Donald Smith & CO. Inc. trimmed its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,697,898 shares of the transportation company’s stock after selling 72,123 shares during the quarter. Allegiant Travel accounts for about 2.7% of Donald Smith & CO. Inc.’s holdings, making the stock its 14th largest position. Donald Smith & CO. Inc. owned about 9.27% of Allegiant Travel worth $144,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALGT. Heartland Advisors Inc. purchased a new stake in shares of Allegiant Travel during the third quarter valued at approximately $12,747,000. Franklin Resources Inc. increased its position in shares of Allegiant Travel by 15.4% during 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 during the last quarter. Bank of America Corp DE increased its position in Allegiant Travel by 148.1% in the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after buying an additional 70,982 shares during the last quarter. UBS Group AG increased its position in Allegiant Travel by 25.8% in the third quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock worth $19,922,000 after buying an additional 67,327 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Allegiant Travel by 4.1% in the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after buying an additional 66,596 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALGT has been the subject of a number of recent research reports. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. UBS Group raised their target price on Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Citigroup decreased their target price on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Finally, Bank of America raised their target price on Allegiant Travel from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $103.20.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $80.15 on Thursday. The stock has a market cap of $1.48 billion, a PE ratio of -40.07, a price-to-earnings-growth ratio of 0.43 and a beta of 1.55. Allegiant Travel Company has a fifty-two week low of $42.56 and a fifty-two week high of $118.00. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a fifty day moving average of $82.43 and a 200-day moving average of $86.60.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities research analysts anticipate that Allegiant Travel Company will post 3.89 earnings per share for the current year.

Allegiant Travel Company 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.