Great Lakes Advisors LLC Makes New Investment in Allegiant Travel Company $ALGT

Great Lakes Advisors LLC purchased a new position in Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,450 shares of the transportation company’s stock, valued at approximately $2,405,000. Great Lakes Advisors LLC owned approximately 0.11% of Allegiant Travel as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of research firms have recently commented on ALGT. The Goldman Sachs Group boosted their price objective on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $156.00 in a report on Friday, June 26th. Barclays started coverage on shares of Allegiant Travel in a report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 price target for the company. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Tuesday, July 7th. Finally, Zacks Research raised shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Allegiant Travel Trading Up 7.1%

Allegiant Travel stock opened at $81.85 on Friday. Allegiant Travel Company has a 52 week low of $56.64 and a 52 week high of $123.63. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 58.05, a P/E/G ratio of 0.21 and a beta of 1.53. The company has a 50 day moving average price of $100.64 and a 200 day moving average price of $92.18.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) 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 company had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. During the same quarter in the prior year, the company earned $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. Research analysts forecast that Allegiant Travel Company will post 6.95 EPS for the current year.

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.