Diamond Hill Capital Management LLC Investment Advisor Invests $9.28 Million in Allegiant Travel Company $ALGT

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, HoldingsChannel reports. The institutional investor bought 78,902 shares of the transportation company’s stock, valued at approximately $9,279,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Allegiant Travel by 0.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after purchasing an additional 106 shares in the last quarter. Silver Oak Securities Incorporated grew its position in shares of Allegiant Travel by 1.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock worth $855,000 after buying an additional 125 shares in the last quarter. Millennium Management LLC grew its position in shares of Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after buying an additional 134 shares in the last quarter. FourThought Financial Partners LLC increased its stake in shares of Allegiant Travel by 4.1% during the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after buying an additional 137 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Allegiant Travel during the second quarter valued at $26,000. Institutional investors own 85.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALGT. The Goldman Sachs Group boosted their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. UBS Group lifted their price objective on shares of Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Bank of America upped their target price on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. began coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Allegiant Travel Stock Down 1.7%

ALGT stock opened at $84.30 on Tuesday. The firm has a 50 day moving average of $101.17 and a 200 day moving average of $92.47. The stock has a market capitalization of $2.30 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. Allegiant Travel Company has a 52 week low of $53.70 and a 52 week high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $1.23 EPS. The firm’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. Sell-side analysts forecast that Allegiant Travel Company will post 7.14 earnings per share for the current year.

About Allegiant Travel

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.