Bridgeway Capital Management LLC Decreases Position in Allegiant Travel Company $ALGT

Bridgeway Capital Management LLC lessened its holdings in Allegiant Travel Company (NASDAQ:ALGT) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,329 shares of the transportation company’s stock after selling 10,531 shares during the quarter. Bridgeway Capital Management LLC owned 0.83% of Allegiant Travel worth $12,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Allegiant Travel by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after purchasing an additional 66,596 shares during the period. Dimensional Fund Advisors LP raised its position in Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after purchasing an additional 7,228 shares during the period. American Century Companies Inc. raised its position in Allegiant Travel by 5.7% in the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock worth $41,829,000 after purchasing an additional 37,205 shares during the period. Par Capital Management Inc. raised its position in Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after purchasing an additional 58,566 shares during the period. Finally, State Street Corp raised its position in Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after purchasing an additional 2,282 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ALGT shares. Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. The Goldman Sachs Group initiated coverage on shares of Allegiant Travel in a research report on Wednesday. They issued a “buy” rating and a $125.00 price objective on the stock. Bank of America boosted their price objective on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Finally, Citigroup decreased their price objective on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Allegiant Travel currently has a consensus rating of “Hold” and a consensus target price of $105.18.

Allegiant Travel Price Performance

ALGT stock opened at $95.89 on Thursday. The firm’s 50-day moving average price is $83.51 and its two-hundred day moving average price is $87.33. Allegiant Travel Company has a 12-month low of $42.56 and a 12-month high of $118.00. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -47.94, a PEG ratio of 0.48 and a beta of 1.55. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52.

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

Allegiant Travel 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.