Clearbridge Investments LLC Cuts Stock Position in Allegiant Travel Company $ALGT

Clearbridge Investments LLC lowered its position in Allegiant Travel Company (NASDAQ:ALGT) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,170 shares of the transportation company’s stock after selling 17,125 shares during the period. Clearbridge Investments LLC’s holdings in Allegiant Travel were worth $9,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of Allegiant Travel by 442.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after buying an additional 442 shares during the last quarter. Signaturefd LLC grew its position in shares of Allegiant Travel by 27.3% in the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after buying an additional 373 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Allegiant Travel by 119.2% during the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 609 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Allegiant Travel during the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Down 7.5%

Allegiant Travel stock opened at $80.15 on Thursday. 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 business’s 50-day simple moving average is $82.43 and its two-hundred day simple moving average is $86.60. The company has a market cap of $1.48 billion, a PE ratio of -40.07, a PEG ratio of 0.43 and a beta of 1.55. Allegiant Travel Company has a fifty-two week low of $42.56 and a fifty-two week high of $118.00.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly 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. The business had revenue of $732.43 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities analysts anticipate that Allegiant Travel Company will post 3.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ALGT shares. Bank of America increased their price objective on Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Citigroup decreased their price objective on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. UBS Group boosted their price target on Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Finally, Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $103.20.

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.