Susquehanna Fundamental Investments LLC Boosts Stock Holdings in Allegiant Travel Company $ALGT

Susquehanna Fundamental Investments LLC raised its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 41.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,884 shares of the transportation company’s stock after acquiring an additional 12,312 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.15% of Allegiant Travel worth $4,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Allegiant Travel in the second quarter worth approximately $416,591,000. Donald Smith & CO. Inc. acquired a new position in Allegiant Travel in the 2nd quarter valued at $175,636,000. Dimensional Fund Advisors LP lifted its holdings 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 valued at $70,607,000 after purchasing an additional 7,228 shares in the last quarter. Par Capital Management Inc. lifted its holdings 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 valued at $32,146,000 after purchasing an additional 58,566 shares in the last quarter. Finally, State Street Corp boosted its stake in Allegiant Travel by 0.4% during 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 last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Down 3.7%

Shares of ALGT opened at $76.05 on Tuesday. Allegiant Travel Company has a 52-week low of $57.11 and a 52-week high of $123.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The stock has a fifty day simple moving average of $98.46 and a two-hundred day simple moving average of $91.11. The company has a market capitalization of $2.08 billion, a PE ratio of 53.94, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results 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. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm had revenue of $943.49 million for the quarter, compared to analysts’ expectations of $982.70 million. During the same quarter in the previous year, the company 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. As a group, equities analysts forecast that Allegiant Travel Company will post 6.83 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ALGT shares. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Barclays initiated 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 for the company. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and increased their price objective for the company from $98.00 to $156.00 in a report on Friday, June 26th. Finally, Bank of America raised their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.38.

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.