Alberta Investment Management Corp Takes $1.67 Million Position in Allegiant Travel Company $ALGT

Key Points

• Alberta Investment Management Corp. acquired 14,229 Allegiant Travel shares worth approximately $1.67 million, while institutional investors and hedge funds collectively own 85.81% of the company.
• Allegiant Travel recently reported adjusted earnings of $2.19 per share, surpassing the $1.27 consensus estimate, although revenue of $943.49 million fell short of expectations. The company’s revenue rose 36.8% year over year.
• ALGT was trading at $84.30, below its 50-day moving average, while analysts maintained a “Moderate Buy” consensus with an average price target of $127.

Alberta Investment Management Corp bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,229 shares of the transportation company's stock, valued at approximately $1,673,000. Alberta Investment Management Corp owned about 0.08% of Allegiant Travel as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company's stock worth $40,000 after purchasing an additional 377 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allegiant Travel in the 2nd quarter valued at about $42,000. NewEdge Advisors LLC boosted its stake in shares of Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company's stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Allegiant Travel during the 3rd quarter worth approximately $69,000. Finally, MidFirst Bank bought a new stake in shares of Allegiant Travel during the fourth quarter worth approximately $114,000. Institutional investors and hedge funds own 85.81% of the company's stock.

Allegiant Travel Trading Down 1.7%

ALGT opened at $84.30 on Tuesday. The firm's fifty day moving average is $101.17 and its two-hundred day moving average is $92.47. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. The firm has a market cap of $2.30 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. Allegiant Travel Company has a twelve month low of $53.70 and a twelve month high of $123.63.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings results 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 business's quarterly revenue was up 36.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Equities research analysts anticipate that Allegiant Travel Company will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ALGT. Citigroup raised shares of Allegiant Travel from a "neutral" rating to a "buy" rating and raised their price objective for the company from $98.00 to $156.00 in a research note on Friday, June 26th. Morgan Stanley upped their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Bank of America increased 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. JPMorgan Chase & Co. assumed coverage on Allegiant Travel in a research report on Wednesday, July 1st. They issued an "overweight" rating and a $156.00 price target on the stock. Finally, Barclays initiated coverage on Allegiant Travel in a research note on Wednesday, July 8th. They set an "overweight" rating and a $145.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Allegiant Travel presently has a consensus rating of "Moderate Buy" and an average target price of $127.00.

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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