Donald Smith & CO. Inc. Invests $175.64 Million in Allegiant Travel Company $ALGT

Donald Smith & CO. Inc. purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,493,503 shares of the transportation company’s stock, valued at approximately $175,636,000. Allegiant Travel comprises about 3.1% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 11th biggest position. Donald Smith & CO. Inc. owned about 0.08% of Allegiant Travel at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALGT. Louisiana State Employees Retirement System acquired a new position in shares of Allegiant Travel during the 1st quarter worth approximately $486,000. Landscape Capital Management L.L.C. bought a new position in shares of Allegiant Travel during the fourth quarter worth approximately $5,031,000. U S Global Investors Inc. increased its stake in Allegiant Travel by 5.1% during the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock worth $24,249,000 after acquiring an additional 14,540 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Allegiant Travel in the fourth quarter worth $3,866,000. Finally, Principal Financial Group Inc. increased its holdings in Allegiant Travel by 151.1% in the 1st quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock valued at $13,066,000 after buying an additional 97,010 shares during the period. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Stock Performance

ALGT stock opened at $81.85 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 58.05, a P/E/G ratio of 0.21 and a beta of 1.53. The business has a 50 day moving average of $100.64 and a 200-day moving average of $92.18. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. Allegiant Travel Company has a 12-month low of $56.64 and a 12-month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping 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 business had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. During the same quarter in the previous year, the firm posted $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. As a group, sell-side analysts expect that Allegiant Travel Company will post 6.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $98.00 to $156.00 in a report on Friday, June 26th. UBS Group boosted their price objective on shares of Allegiant Travel from $103.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price for the company. Zacks Research raised Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Barclays started coverage on shares of Allegiant Travel in a research note on Wednesday, July 8th. They set an “overweight” rating and a $145.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Allegiant Travel presently has an average rating of “Moderate Buy” and an average 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.