145,373 Shares in Allegiant Travel Company $ALGT Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 145,373 shares of the transportation company’s stock, valued at approximately $11,781,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Allegiant Travel by 4.1% in the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after acquiring an additional 66,596 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Allegiant Travel during the third quarter valued at about $1,109,000. American Century Companies Inc. boosted its holdings in shares of Allegiant Travel by 5.7% during the third 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 during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Allegiant Travel during the fourth quarter worth about $5,031,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Allegiant Travel in the fourth quarter worth about $973,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ALGT shares. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $156.00 in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. UBS Group lifted their target price on shares of Allegiant Travel from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America boosted their price target on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.36.

Allegiant Travel Stock Up 5.5%

Shares of Allegiant Travel stock opened at $116.10 on Friday. The company has a 50-day simple moving average of $86.27 and a two-hundred day simple moving average of $88.61. The stock has a market capitalization of $2.14 billion, a PE ratio of -58.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.55. Allegiant Travel Company has a 52-week low of $42.56 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The business had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. During the same quarter in the previous year, the firm posted $2.11 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, analysts anticipate that Allegiant Travel Company will post 3.72 EPS for the current fiscal year.

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.