Sierra Summit Advisors LLC Buys Shares of 4,672 Allegiant Travel Company $ALGT

Sierra Summit Advisors LLC acquired a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 4,672 shares of the transportation company’s stock, valued at approximately $379,000.

Several other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in shares of Allegiant Travel during the third quarter worth $1,109,000. American Century Companies Inc. boosted its position in shares of Allegiant Travel by 5.7% in the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock worth $41,829,000 after purchasing an additional 37,205 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Allegiant Travel during the 4th quarter worth $5,031,000. First Eagle Investment Management LLC purchased a new position in Allegiant Travel during the 4th quarter worth $3,866,000. Finally, GSA Capital Partners LLP acquired a new position in Allegiant Travel during the 4th quarter valued at about $973,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALGT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a report on Wednesday. They set an “overweight” rating and a $156.00 price objective on the stock. UBS Group lifted their target price on shares of Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America upped their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.17.

Allegiant Travel Stock Performance

Shares of ALGT opened at $118.67 on Friday. The stock has a 50-day moving average of $89.38 and a two-hundred day moving average of $89.81. Allegiant Travel Company has a one year low of $42.56 and a one year high of $123.63. 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 stock has a market cap of $2.19 billion, a P/E ratio of -59.33, a P/E/G ratio of 0.52 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. The business had revenue of $732.43 million for the quarter, compared to analyst estimates 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 revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, research analysts predict that Allegiant Travel Company will post 4.43 EPS for the current year.

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.