Allegiant Travel Company (NASDAQ:ALGT) Short Interest Update

Key Points

• Short interest fell 16.2% in April to 2,164,816 shares, implying a short‑interest ratio of 4.8 days and about 13.8% of the float sold short.
• Allegiant beat Q1 adjusted estimates (adjusted EPS $3.77 vs. $3.40; revenue $732.4M vs. $711.0M) but reported weaker GAAP results and issued cautious Q2 guidance of -$1.00 to $0.00 (consensus ~ -$0.24), creating near‑term downside risk.
• Insiders have sold roughly 300,000 shares (~$34.35M) in the past 90 days (including the chairman), institutional ownership is about 85.8%, and analysts' consensus is a Hold with an average target of $97.91.

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 2,164,816 shares, a decline of 16.2% from the March 31st total of 2,583,555 shares. Based on an average daily trading volume, of 450,138 shares, the short-interest ratio is presently 4.8 days. Approximately 13.8% of the shares of the stock are sold short.

Allegiant Travel Trading Down 1.7%

Shares of ALGT opened at $74.36 on Friday. The business's 50-day moving average price is $85.33 and its 200 day moving average price is $83.15. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $1.37 billion, a P/E ratio of -29.41, a P/E/G ratio of 0.39 and a beta of 1.63. Allegiant Travel has a 1-year low of $42.56 and a 1-year high of $118.00.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a negative net margin of 1.71% and a positive return on equity of 6.61%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000--0.000 EPS. Analysts expect that Allegiant Travel will post 3.57 earnings per share for the current year.

Insider Buying and Selling at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the transaction, the chairman owned 150,000 shares of the company's stock, valued at $17,100,000. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 300,000 shares of company stock valued at $34,350,512 in the last ninety days. Corporate insiders own 14.70% of the company's stock.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 66,596 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Allegiant Travel by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company's stock worth $70,607,000 after purchasing an additional 7,228 shares during the period. American Century Companies Inc. increased its holdings in Allegiant Travel by 5.7% in the third quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company's stock worth $41,829,000 after buying an additional 37,205 shares during the last quarter. Par Capital Management Inc. raised its position in Allegiant Travel by 11.1% during the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company's stock valued at $32,146,000 after acquiring an additional 58,566 shares in the last quarter. Finally, State Street Corp lifted its stake in Allegiant Travel by 0.4% in the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company's stock valued at $48,377,000 after acquiring an additional 2,282 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ALGT shares. Evercore raised their price objective on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a "sell (d)" rating on shares of Allegiant Travel in a report on Wednesday, January 21st. Susquehanna reissued a "positive" rating and set a $110.00 target price on shares of Allegiant Travel in a research note on Friday, February 6th. Barclays raised their target price on shares of Allegiant Travel from $60.00 to $95.00 and gave the stock an "equal weight" rating in a report on Monday, January 12th. Finally, Citigroup dropped their price target on Allegiant Travel from $114.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, March 20th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $97.91.

Allegiant Travel News Roundup

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

• Positive Sentiment: Q1 adjusted results topped estimates — adjusted EPS $3.77 vs. $3.40 consensus and revenue $732.4M vs. $711.0M expected, signaling stronger-than-forecast demand and operating performance. Allegiant Travel Company First Quarter 2026 Financial Results
• Positive Sentiment: Liquidity/financing moves — the company arranged aircraft-backed credit (improves financing flexibility ahead of integration activity), which reduces short-term financing risk around fleet and merger plans. Allegiant Travel Posts Strong Q1 Results, Signals Confident Outlook
• Neutral Sentiment: Supplemental disclosures tied to the planned Sun Country merger were issued, which adds transparency but could introduce timing and regulatory variables for investors to monitor. Allegiant Issues Supplemental Disclosures Ahead of Sun Country Merger
• Negative Sentiment: Q2 guidance is weak/wider-than-expected — management set Q2 EPS guidance of -1.00 to 0.00 vs. consensus around -0.24, introducing near-term downside risk to estimates and stock sentiment. Allegiant Travel Company First Quarter 2026 Financial Results
• Negative Sentiment: GAAP vs. adjusted results and a negative net margin (GAAP diluted EPS $2.30 vs. adjusted $3.77; net margin was negative) may prompt investor questions about one‑time items and true earnings power. Allegiant Q1 earnings and conference call recording

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.

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