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

Donald Smith & CO. Inc. cut its stake in Allegiant Travel Company (NASDAQ:ALGT) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,697,898 shares of the transportation company’s stock after selling 72,123 shares during the quarter. Allegiant Travel comprises about 2.7% of Donald Smith & CO. Inc.’s holdings, making the stock its 14th largest position. Donald Smith & CO. Inc. owned 0.09% of Allegiant Travel worth $144,780,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after buying an additional 394 shares during the period. Creative Planning boosted its stake in Allegiant Travel by 29.1% during the second quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock valued at $380,000 after buying an additional 1,558 shares during the period. Hsbc Holdings PLC bought a new stake in Allegiant Travel during the second quarter valued at $350,000. Invesco Ltd. boosted its stake in Allegiant Travel by 3.9% during the second quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after buying an additional 4,602 shares during the period. Finally, First Trust Advisors LP bought a new stake in Allegiant Travel during the second quarter valued at $654,000. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Down 7.5%

NASDAQ ALGT opened at $80.15 on Thursday. The stock’s 50-day simple moving average is $82.43 and its two-hundred day simple moving average is $86.60. Allegiant Travel Company has a twelve month low of $42.56 and a twelve month high of $118.00. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -40.07, a PEG ratio of 0.43 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup dropped their price objective on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Bank of America lifted their price objective on Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Finally, UBS Group lifted their price objective on Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and an average target price of $103.20.

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.