Empowered Funds LLC Makes New Investment in Allegiant Travel Company $ALGT

Empowered Funds LLC bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 108,085 shares of the transportation company’s stock, valued at approximately $12,711,000. Empowered Funds LLC owned 0.40% of Allegiant Travel at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Allegiant Travel by 0.5% in 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 during the period. Silver Oak Securities Incorporated raised its holdings in 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 during the period. Millennium Management LLC raised its holdings in 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 during the period. FourThought Financial Partners LLC lifted its stake in Allegiant Travel by 4.1% in 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 in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Allegiant Travel in the second quarter valued at approximately $26,000. 85.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALGT. Bank of America raised their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Melius Research raised shares of 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, July 7th. Susquehanna lowered their target price on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a report on Friday, August 7th. The Goldman Sachs Group lifted their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Morgan Stanley boosted their price target on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allegiant Travel has an average rating of “Moderate Buy” and an average target price of $128.38.

Allegiant Travel Trading Down 1.7%

Allegiant Travel stock opened at $78.94 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 55.99, a P/E/G ratio of 0.23 and a beta of 1.53. The firm has a 50-day moving average of $98.99 and a 200-day moving average of $91.54. 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 one year low of $57.11 and a one year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. During the same quarter in the previous year, the business earned $1.23 earnings per share. Allegiant Travel’s quarterly revenue was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, equities analysts expect that Allegiant Travel Company will post 6.83 earnings per share for the current fiscal year.

Allegiant Travel News Summary

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: A valuation analysis argues that Allegiant Travel may be undervalued following its recent share-price pullback. The case for upside rests on the company’s longer-term earnings potential and the possibility that current weakness already reflects some concerns about the airline outlook. Is Allegiant Travel Undervalued After Its Recent Share Price Pullback?
• Positive Sentiment: Zacks Research continues to rate ALGT a “Strong Buy” and raised its EPS forecasts for the first quarter of 2027 to $2.66 from $1.58, the second quarter of 2027 to $2.56 from $2.05, and the first quarter of 2028 to $2.96 from $2.61. These increases suggest analysts still see meaningful earnings growth beyond the current period.
• Neutral Sentiment: An American Banking News report cites a Zacks estimate of approximately $6.83 in fiscal 2026 EPS, broadly consistent with the consensus forecast. The estimate provides a reference point for valuation but does not represent a new company announcement or change in fundamentals. What is Zacks Research’s Estimate for ALGT FY2026 Earnings?
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to breakeven from $0.10 and reduced its FY2027 forecast to $11.27 from $12.83. It also lowered estimates for Q3 2027 to $2.90 from $3.96, Q4 2027 to $3.15 from $5.24, and Q2 2028 to $2.92 from $3.16. The reductions point to weaker expected profitability and are likely weighing on sentiment despite the “Strong Buy” rating.

Allegiant Travel 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.