PEAK6 LLC Purchases New Position in Allegiant Travel Company $ALGT

PEAK6 LLC purchased a new position in Allegiant Travel Company (NASDAQ:ALGT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,013 shares of the transportation company’s stock, valued at approximately $1,413,000. PEAK6 LLC owned 0.07% of Allegiant Travel at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new stake in Allegiant Travel during the first quarter valued at $486,000. Landscape Capital Management L.L.C. bought a new stake in shares of Allegiant Travel during the 4th quarter worth $5,031,000. U S Global Investors Inc. lifted its holdings in shares of Allegiant Travel by 5.1% during the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock worth $24,249,000 after acquiring an additional 14,540 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Allegiant Travel during the fourth quarter worth about $3,866,000. Finally, Principal Financial Group Inc. lifted its position in Allegiant Travel by 151.1% in the 1st quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock worth $13,066,000 after buying an additional 97,010 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $81.85 on Monday. 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 twelve month low of $56.64 and a twelve month high of $123.63. The stock has a market capitalization of $2.24 billion, a PE ratio of 58.05, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The firm’s 50 day moving average price is $100.64 and its 200-day moving average price is $92.19.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data 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 net margin of 0.90% and a return on equity of 10.83%. The firm had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. During the same quarter in the previous year, the firm posted $1.23 EPS. The company’s revenue for the quarter 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. Equities research analysts expect that Allegiant Travel Company will post 6.95 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their price target for the company from $98.00 to $156.00 in a research report on Friday, June 26th. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Tuesday, July 7th. JPMorgan Chase & Co. assumed coverage on Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price for the company. Susquehanna cut their price objective on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, Morgan Stanley upped their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

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.