33,450 Shares in Allegiant Travel Company $ALGT Bought by Primecap Management Co. CA

Key Points

• Primecap Management Co. CA acquired 33,450 Allegiant Travel shares worth approximately $3.93 million, establishing a 0.12% stake. Institutional investors collectively own 85.81% of the company.
• Allegiant reported quarterly EPS of $2.19, beating analysts’ $1.27 consensus, while revenue rose 36.8% year over year to $943.49 million but fell short of expectations.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and a $128.38 price target, compared with the stock’s recent opening price of $82.60.

Primecap Management Co. CA purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,450 shares of the transportation company's stock, valued at approximately $3,934,000. Primecap Management Co. CA owned 0.12% of Allegiant Travel at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new position in shares of Allegiant Travel during the second quarter worth about $26,000. Allworth Financial LP acquired a new stake in Allegiant Travel in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Allegiant Travel in the second quarter worth approximately $42,000. Parallel Advisors LLC lifted 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 worth $40,000 after acquiring an additional 377 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Allegiant Travel during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 85.81% of the company's stock.

Allegiant Travel Stock Performance

Shares of ALGT opened at $82.60 on Thursday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 58.58, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. Allegiant Travel Company has a 52-week low of $57.11 and a 52-week high of $123.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $99.83 and a 200 day moving average price of $91.87.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.92. The company had revenue of $943.49 million for the quarter, compared to analysts' expectations of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm's revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Research analysts predict that Allegiant Travel Company will post 6.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James Financial raised shares of Allegiant Travel from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the company from $138.00 to $116.00 in a research report on Monday. Zacks Research upgraded shares of Allegiant Travel from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. The Goldman Sachs Group boosted their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. started coverage on Allegiant Travel in a report on Wednesday, July 1st. They issued an "overweight" rating and a $156.00 target price on the stock. Finally, 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 research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allegiant Travel presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.38.

Allegiant Travel Profile

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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