Emerald Advisers LLC Has $27.39 Million Stock Holdings in Allegiant Travel Company $ALGT

Emerald Advisers LLC reduced its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 338,033 shares of the transportation company’s stock after selling 11,912 shares during the period. Emerald Advisers LLC’s holdings in Allegiant Travel were worth $27,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new position in shares of Allegiant Travel in the fourth quarter valued at approximately $16,405,000. Assenagon Asset Management S.A. acquired a new stake in Allegiant Travel during the 1st quarter worth approximately $11,781,000. Principal Financial Group Inc. grew its holdings 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 worth $13,066,000 after acquiring an additional 97,010 shares during the last quarter. Franklin Resources Inc. grew its holdings in Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after acquiring an additional 73,360 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Allegiant Travel by 148.1% in the 2nd quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock valued at $6,533,000 after acquiring an additional 70,982 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Trading Down 3.7%

Shares of ALGT stock opened at $106.89 on Tuesday. Allegiant Travel Company has a fifty-two week low of $42.56 and a fifty-two week high of $123.63. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a 50 day simple moving average of $93.43 and a two-hundred day simple moving average of $90.92. The company has a market cap of $1.97 billion, a P/E ratio of -53.44, a PEG ratio of 0.30 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. The firm had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Research analysts forecast that Allegiant Travel Company will post 7.28 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALGT shares. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and raised their price target for the company from $98.00 to $156.00 in a research note on Friday, June 26th. UBS Group raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Wednesday, July 8th. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Wall Street Zen raised Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Morgan Stanley lifted their target price on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Allegiant Travel has an average rating of “Moderate Buy” and an average target price of $128.08.

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.