Allegiant Travel Company $ALGT Stock: U S Global Investors Inc. Boosts Holdings

U S Global Investors Inc. lifted its stake in shares of Allegiant Travel Company (NASDAQ:ALGT) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 384,198 shares of the transportation company’s stock after purchasing an additional 36,953 shares during the quarter. Allegiant Travel accounts for about 2.9% of U S Global Investors Inc.’s portfolio, making the stock its 7th largest position. U S Global Investors Inc.’s holdings in Allegiant Travel were worth $29,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in shares of Allegiant Travel by 15,075.0% during the third quarter. IFP Advisors Inc now owns 607 shares of the transportation company’s stock worth $46,000 after buying an additional 603 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Allegiant Travel by 306.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,454 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 1,096 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Allegiant Travel by 40.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 584 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 168 shares during the last quarter. Venture Visionary Partners LLC bought a new position in shares of Allegiant Travel in the 3rd quarter valued at $2,745,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Allegiant Travel during the 2nd quarter valued at $1,149,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALGT. Susquehanna cut their price objective on Allegiant Travel from $110.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings raised Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Barclays dropped their target price on Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Melius Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Tuesday, July 7th. Finally, Morgan Stanley boosted their price target on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Allegiant Travel has a consensus rating of “Moderate Buy” and a consensus target price of $123.38.

Allegiant Travel Trading Up 0.4%

NASDAQ ALGT opened at $70.36 on Friday. The business’s 50-day moving average price is $76.71 and its two-hundred day moving average price is $86.96. Allegiant Travel Company has a 12 month low of $57.11 and a 12 month high of $123.63. The firm has a market capitalization of $1.92 billion, a PE ratio of 49.90, a price-to-earnings-growth ratio of 0.24 and a beta of 1.55. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last issued 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 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 analysts’ expectations of $982.70 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The business’s quarterly revenue was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, analysts expect that Allegiant Travel Company will post 5.64 EPS for the current year.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada. Its principal operating subsidiary, Allegiant Air, is a low-cost airline that provides scheduled and charter passenger service, primarily connecting smaller and mid-sized U.S. cities with popular vacation destinations.

Allegiant Air’s business model emphasizes nonstop routes, low base fares and optional services such as seat selection, baggage, priority boarding and other travel-related amenities.