Meros Investment Management LP Makes New Investment in Allegiant Travel Company $ALGT

Meros Investment Management LP bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 69,928 shares of the transportation company’s stock, valued at approximately $8,223,533,000. Allegiant Travel accounts for about 2.6% of Meros Investment Management LP’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds also recently made changes to their positions in ALGT. Price T Rowe Associates Inc. MD boosted its stake in shares of Allegiant Travel by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 106 shares during the period. Silver Oak Securities Incorporated increased its stake in Allegiant Travel by 1.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock worth $855,000 after acquiring an additional 125 shares during the period. Millennium Management LLC raised its holdings in Allegiant Travel by 0.5% in the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares in the last quarter. FourThought Financial Partners LLC raised its holdings in Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 137 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at $26,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Stock Up 0.8%

NASDAQ ALGT opened at $82.32 on Wednesday. The business has a fifty day moving average price of $100.10 and a two-hundred day moving average price of $91.99. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. Allegiant Travel Company has a fifty-two week low of $57.11 and a fifty-two week high of $123.63. The stock has a market capitalization of $2.25 billion, a PE ratio of 58.38, a PEG ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $982.70 million. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Equities analysts expect that Allegiant Travel Company will post 6.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on ALGT shares. Wall Street Zen lowered Allegiant Travel from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Susquehanna dropped their price target on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Morgan Stanley upped their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. 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 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allegiant Travel currently has a consensus rating of “Moderate Buy” and a consensus 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.