U S Global Investors Inc. Purchases 14,540 Shares of Allegiant Travel Company $ALGT

U S Global Investors Inc. lifted its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 299,225 shares of the transportation company’s stock after buying an additional 14,540 shares during the quarter. Allegiant Travel makes up 2.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 6th largest position. U S Global Investors Inc.’s holdings in Allegiant Travel were worth $24,249,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Allegiant Travel by 27.3% during the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after buying an additional 117 shares during the period. iSAM Funds UK Ltd acquired a new stake in Allegiant Travel during the third quarter worth approximately $69,000. NewEdge Advisors LLC grew its stake in Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after acquiring an additional 373 shares during the period. MidFirst Bank purchased a new stake in Allegiant Travel in the 4th quarter worth approximately $114,000. Finally, Evergreen Capital Management LLC acquired a new position in Allegiant Travel in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ALGT shares. Bank of America increased their price target on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Wall Street Zen raised Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Melius Research upgraded Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Tuesday. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Allegiant Travel presently has an average rating of “Moderate Buy” and an average target price of $128.08.

Allegiant Travel Trading Down 3.2%

ALGT stock traded down $3.63 on Friday, hitting $111.02. 365,688 shares of the company were exchanged, compared to its average volume of 640,812. Allegiant Travel Company has a twelve month low of $42.56 and a twelve month high of $123.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The business’s fifty day moving average is $92.80 and its two-hundred day moving average is $90.71. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -55.51, a price-to-earnings-growth ratio of 0.31 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The company had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. During the same quarter last year, the firm posted $2.11 earnings per share. Allegiant Travel’s revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, research analysts forecast that Allegiant Travel Company will post 7.28 earnings per share for the current year.

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.