36,217 Shares of Allegiant Travel Company $ALGT Acquired by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC acquired 36,217 Allegiant Travel shares worth approximately $2.745 million, representing about 0.13% of the company. Institutional investors collectively own 85.81% of ALGT.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $123.38, despite some price-target cuts and a Zacks downgrade to “hold.”
• ALGT recently traded at $76.28, down 1.6%, while its latest quarterly earnings of $2.19 per share exceeded estimates of $1.27; revenue rose 36.8% year over year to $943.49 million but fell short of expectations.

Venture Visionary Partners LLC purchased a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,217 shares of the transportation company's stock, valued at approximately $2,745,000. Venture Visionary Partners LLC owned approximately 0.13% of Allegiant Travel at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALGT. Global Retirement Partners LLC purchased a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Allworth Financial LP bought a new position in shares of Allegiant Travel during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allegiant Travel in the 2nd quarter worth approximately $42,000. Parallel Advisors LLC boosted 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 worth $40,000 after buying an additional 377 shares during the last quarter. Finally, MidFirst Bank bought a new position in shares of Allegiant Travel in the fourth quarter valued at approximately $114,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ALGT shares. Zacks Research downgraded Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 15th. Barclays reduced their price objective on Allegiant Travel from $145.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, September 11th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $110.00 target price on shares of Allegiant Travel in a research report on Wednesday. The Goldman Sachs Group lifted their target price on Allegiant Travel from $125.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They issued an "overweight" rating and a $156.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.38.

Allegiant Travel Trading Down 1.6%

NASDAQ:ALGT opened at $76.28 on Thursday. Allegiant Travel Company has a 12 month low of $57.11 and a 12 month high of $123.63. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The firm's 50 day moving average is $82.14 and its 200 day moving average is $87.79. The stock has a market capitalization of $2.09 billion, a PE ratio of 54.10, a price-to-earnings-growth ratio of 0.23 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating 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 business had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. During the same period in the prior year, the company earned $1.23 earnings per share. Allegiant Travel's 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. Sell-side analysts expect that Allegiant Travel Company will post 6.51 earnings per share for the current year.

Allegiant Travel Profile

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada, and the parent company of Allegiant Air. Founded in 1997, Allegiant Air operates a low-cost, scheduled airline model designed to connect travelers in smaller and midsize U.S. cities with popular vacation destinations.

Allegiant Air provides passenger air transportation primarily within the United States, serving destinations such as Florida, Arizona, Nevada, California and other leisure markets.

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