Deutsche Bank AG Acquires Shares of 26,974 Allegiant Travel Company $ALGT

Deutsche Bank AG acquired a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 26,974 shares of the transportation company’s stock, valued at approximately $3,172,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Allegiant Travel in the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allegiant Travel in the 2nd quarter worth approximately $42,000. Parallel Advisors LLC grew its position in shares of Allegiant Travel by 339.6% in the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after acquiring an additional 377 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at approximately $69,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 373 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Up 0.3%

Allegiant Travel stock opened at $82.60 on Thursday. The company has a 50-day simple moving average of $99.83 and a 200-day simple moving average of $91.87. The firm has a market capitalization of $2.26 billion, a P/E ratio of 58.58, a P/E/G ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. Allegiant Travel Company has a one year low of $57.11 and a one year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. Allegiant Travel’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, equities analysts expect that Allegiant Travel Company will post 6.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen cut Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barclays began coverage on shares of Allegiant Travel in a report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 target price on the stock. Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Melius Research raised 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, Morgan Stanley raised their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Two equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock 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.