Empowered Funds LLC Purchases Shares of 108,085 Allegiant Travel Company $ALGT

Empowered Funds LLC acquired a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 108,085 shares of the transportation company’s stock, valued at approximately $12,711,000.

Several other institutional investors also recently modified their holdings of ALGT. Global Retirement Partners LLC acquired a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Allworth Financial LP acquired a new position in Allegiant Travel during the second quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after buying an additional 377 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allegiant Travel in the second quarter valued at approximately $42,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after acquiring an additional 373 shares during the period. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

ALGT opened at $78.94 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The business has a fifty day simple moving average of $98.99 and a 200 day simple moving average of $91.54. Allegiant Travel Company has a 1 year low of $57.11 and a 1 year high of $123.63. The company has a market capitalization of $2.16 billion, a PE ratio of 55.99, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm had revenue of $943.49 million for the quarter, compared to analysts’ expectations of $982.70 million. During the same quarter last year, the business earned $1.23 EPS. The company’s quarterly revenue 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. Research analysts expect that Allegiant Travel Company will post 6.83 EPS for the current year.

Allegiant Travel News Summary

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: A valuation analysis argues that Allegiant Travel may be undervalued following its recent share-price pullback. The case for upside rests on the company’s longer-term earnings potential and the possibility that current weakness already reflects some concerns about the airline outlook. Is Allegiant Travel Undervalued After Its Recent Share Price Pullback?
• Positive Sentiment: Zacks Research continues to rate ALGT a “Strong Buy” and raised its EPS forecasts for the first quarter of 2027 to $2.66 from $1.58, the second quarter of 2027 to $2.56 from $2.05, and the first quarter of 2028 to $2.96 from $2.61. These increases suggest analysts still see meaningful earnings growth beyond the current period.
• Neutral Sentiment: An American Banking News report cites a Zacks estimate of approximately $6.83 in fiscal 2026 EPS, broadly consistent with the consensus forecast. The estimate provides a reference point for valuation but does not represent a new company announcement or change in fundamentals. What is Zacks Research’s Estimate for ALGT FY2026 Earnings?
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to breakeven from $0.10 and reduced its FY2027 forecast to $11.27 from $12.83. It also lowered estimates for Q3 2027 to $2.90 from $3.96, Q4 2027 to $3.15 from $5.24, and Q2 2028 to $2.92 from $3.16. The reductions point to weaker expected profitability and are likely weighing on sentiment despite the “Strong Buy” rating.

Wall Street Analyst Weigh In

ALGT has been the subject of several research reports. Barclays assumed coverage on Allegiant Travel in a report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target for the company. Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. initiated coverage on shares of Allegiant Travel in a research note on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price for the company. Raymond James Financial raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from $138.00 to $116.00 in a report on Monday. Finally, Wall Street Zen lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.38.

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.