Allegiant Travel (NASDAQ:ALGT) Trading Up 6.4% – Time to Buy?

Shares of Allegiant Travel Company (NASDAQ:ALGT) were up 6.4% during mid-day trading on Friday . The company traded as high as $99.45 and last traded at $100.5490. Approximately 90,190 shares changed hands during trading, a decline of 84% from the average daily volume of 568,208 shares. The stock had previously closed at $94.48.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ALGT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. The Goldman Sachs Group upped their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. UBS Group raised Allegiant Travel from a “hold” rating to a “buy” rating in a report on Wednesday, July 8th. Finally, Susquehanna upped their price objective on Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.08.

Allegiant Travel Price Performance

The firm has a market capitalization of $1.82 billion, a P/E ratio of -49.35, a price-to-earnings-growth ratio of 0.26 and a beta of 1.51. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average price of $97.05 and a 200-day moving average price of $91.83.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, analysts expect that Allegiant Travel Company will post 7.49 earnings per share for the current year.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors have recently made changes to their positions in ALGT. Louisiana State Employees Retirement System bought a new position in Allegiant Travel during the 1st quarter worth about $486,000. Landscape Capital Management L.L.C. purchased a new position in Allegiant Travel during the 4th quarter valued at about $5,031,000. U S Global Investors Inc. raised its holdings in shares of Allegiant Travel by 5.1% in the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock valued at $24,249,000 after purchasing an additional 14,540 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Allegiant Travel in the 4th quarter valued at about $3,866,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Allegiant Travel in the 4th quarter worth approximately $973,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

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.