Landscape Capital Management L.L.C. Buys Shares of 103,799 Allegiant Travel Company $ALGT

Landscape Capital Management L.L.C. bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 103,799 shares of the transportation company’s stock, valued at approximately $12,207,000. Allegiant Travel comprises approximately 0.8% of Landscape Capital Management L.L.C.’s holdings, making the stock its 11th biggest holding.

Several other large investors have also recently made changes to their positions in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after acquiring an additional 394 shares during the last quarter. Creative Planning lifted its stake in Allegiant Travel by 29.1% in the 2nd quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock worth $380,000 after purchasing an additional 1,558 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Allegiant Travel in the 2nd quarter worth approximately $350,000. Invesco Ltd. boosted its holdings in shares of Allegiant Travel by 3.9% during the 2nd quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock worth $6,668,000 after purchasing an additional 4,602 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Allegiant Travel in the second quarter valued at approximately $654,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $81.85 on Friday. The firm has a market capitalization of $2.24 billion, a PE ratio of 58.05, a price-to-earnings-growth ratio of 0.21 and a beta of 1.53. The business’s fifty day moving average price is $100.64 and its 200 day moving average price is $92.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. Allegiant Travel Company has a 12 month low of $56.64 and a 12 month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.92. The company had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.Allegiant Travel’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts anticipate that Allegiant Travel Company will post 6.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALGT. Bank of America lifted their price objective on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and raised their target price for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. The Goldman Sachs Group lifted their price target on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Tuesday, July 7th. Finally, Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Allegiant Travel has an average rating of “Moderate Buy” and a consensus price target of $127.00.

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.