Allegiant Travel (NASDAQ:ALGT - Get Free Report) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.250-3.750 for the period, compared to the consensus EPS estimate of 3.090. The company issued revenue guidance of -.
Analysts Set New Price Targets
Several brokerages recently commented on ALGT. Zacks Research downgraded Allegiant Travel from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 1st. Barclays raised their target price on Allegiant Travel from $60.00 to $95.00 and gave the company an "equal weight" rating in a report on Monday, January 12th. Raymond James Financial downgraded Allegiant Travel from a "strong-buy" rating to an "outperform" rating and lifted their price objective for the stock from $78.00 to $98.00 in a report on Friday, December 19th. Wolfe Research upgraded Allegiant Travel from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a report on Tuesday, January 20th. Finally, UBS Group lifted their price objective on Allegiant Travel from $90.00 to $93.00 and gave the stock a "neutral" rating in a report on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $97.91.
Get Our Latest Stock Analysis on ALGT
Allegiant Travel Stock Performance
Shares of ALGT traded up $0.34 during mid-day trading on Thursday, hitting $86.87. The stock had a trading volume of 331,176 shares, compared to its average volume of 540,626. The company has a market cap of $1.60 billion, a PE ratio of -33.80, a PEG ratio of 0.24 and a beta of 1.63. The company's fifty day simple moving average is $92.17 and its two-hundred day simple moving average is $80.83. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.60. Allegiant Travel has a fifty-two week low of $39.80 and a fifty-two week high of $118.00.
Insider Activity at Allegiant Travel
In related news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $114.23, for a total transaction of $19,990,250.00. Following the completion of the transaction, the chairman owned 1,962,348 shares in the company, valued at $224,159,012.04. The trade was a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 300,000 shares of company stock valued at $34,350,512. 14.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in Allegiant Travel during the 4th quarter worth $1,703,000. Susquehanna Fundamental Investments LLC boosted its position in Allegiant Travel by 196.6% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 29,572 shares of the transportation company's stock worth $2,522,000 after acquiring an additional 19,601 shares during the period. Millennium Management LLC boosted its position in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company's stock worth $2,341,000 after acquiring an additional 134 shares during the period. Man Group plc boosted its position in Allegiant Travel by 16.0% during the 4th quarter. Man Group plc now owns 29,488 shares of the transportation company's stock worth $2,514,000 after acquiring an additional 4,065 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Allegiant Travel during the 4th quarter worth $16,405,000. Institutional investors and hedge funds own 85.81% of the company's stock.
About Allegiant Travel
(
Get Free Report)
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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