Assenagon Asset Management S.A. Has $5.41 Million Stock Holdings in Allegiant Travel Company $ALGT

Key Points

• Assenagon Asset Management cut its Allegiant Travel stake by 68.4% in the second quarter, selling 99,391 shares and retaining 45,982 shares valued at approximately $5.41 million. Institutional investors and hedge funds collectively own 85.81% of ALGT.
• Allegiant reported second-quarter EPS of $2.19, exceeding the $1.27 analyst consensus, while revenue rose 36.8% year over year to $943.49 million but fell short of estimates.
• Analyst sentiment remains positive, with nine Buy, five Hold and one Sell rating; the stock has a “Moderate Buy” consensus and an average price target of $127, versus an opening price of $84.44.

Assenagon Asset Management S.A. trimmed its stake in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 68.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,982 shares of the transportation company's stock after selling 99,391 shares during the quarter. Assenagon Asset Management S.A. owned about 0.25% of Allegiant Travel worth $5,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Allegiant Travel by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company's stock valued at $475,000 after purchasing an additional 394 shares during the period. Creative Planning lifted its position in Allegiant Travel by 29.1% during the second quarter. Creative Planning now owns 6,915 shares of the transportation company's stock worth $380,000 after acquiring an additional 1,558 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Allegiant Travel during the second quarter worth approximately $350,000. Invesco Ltd. boosted its holdings in shares of Allegiant Travel by 3.9% during the second quarter. Invesco Ltd. now owns 121,339 shares of the transportation company's stock worth $6,668,000 after acquiring an additional 4,602 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Allegiant Travel during the second quarter worth approximately $654,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

ALGT opened at $84.44 on Thursday. The firm has a market cap of $1.56 billion, a P/E ratio of 59.89, a price-to-earnings-growth ratio of 0.24 and a beta of 1.53. Allegiant Travel Company has a 52-week low of $53.70 and a 52-week high of $123.63. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The business's fifty day moving average is $101.06 and its 200-day moving average is $92.49.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.92. The business had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a return on equity of 12.69% and a net margin of 0.90%.Allegiant Travel's revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Sell-side analysts expect that Allegiant Travel Company will post 7.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALGT. Bank of America boosted 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. Wall Street Zen raised shares of Allegiant Travel from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Melius Research upgraded shares of Allegiant Travel from a "hold" rating to a "buy" rating and set a $160.00 price target on the stock in a research note on Tuesday, July 7th. Susquehanna lowered their price target on shares of Allegiant Travel from $132.00 to $110.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Finally, Barclays began coverage on shares of Allegiant Travel in a research note on Wednesday, July 8th. They issued an "overweight" rating and a $145.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.00.

Allegiant Travel Company 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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