Allegiant Travel (NASDAQ:ALGT) Trading Down 6.8% – Time to Sell?

Allegiant Travel Company (NASDAQ:ALGT) shares were down 6.8% on Thursday . The company traded as low as $91.47 and last traded at $91.5480. Approximately 38,981 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 567,791 shares. The stock had previously closed at $98.28.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALGT shares. Zacks Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. UBS Group raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a report on Wednesday, July 8th. Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and increased their price target for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. Bank of America raised their price target on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, 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 price objective on the stock. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Allegiant Travel presently has a consensus rating of “Moderate Buy” and an average price target of $128.08.

Allegiant Travel Stock Performance

The business’s fifty day moving average is $97.51 and its two-hundred day moving average is $91.88. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1.81 billion, a PE ratio of -49.04, a price-to-earnings-growth ratio of 0.25 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. During the same quarter in the previous year, the business posted $2.11 earnings per share. Allegiant Travel’s quarterly 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. As a group, research analysts anticipate that Allegiant Travel Company will post 7.49 EPS for the current fiscal year.

Institutional Trading of Allegiant Travel

Several hedge funds have recently made changes to their positions in the business. Oldfield Partners LLP grew its position in Allegiant Travel by 25.5% in the second quarter. Oldfield Partners LLP now owns 12,991 shares of the transportation company’s stock worth $1,528,000 after acquiring an additional 2,636 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allegiant Travel during the second quarter valued at approximately $42,000. GAMMA Investing LLC raised its position in Allegiant Travel by 65.9% during the second quarter. GAMMA Investing LLC now owns 3,026 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 1,202 shares during the period. Versant Capital Management Inc lifted its stake in shares of Allegiant Travel by 48.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,604 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 524 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Allegiant Travel by 339.6% in the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 377 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

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.