Comerica Bank Has $2.55 Million Position in Allegiant Travel Company $ALGT

Key Points

• Comerica Bank trimmed its position in Allegiant by 34.2% in Q4 and now holds 29,955 shares worth about $2.55 million (roughly 0.16% of the company).
• Insider and institutional activity: insiders have sold 300,000 shares (~$34.35M) in the last 90 days (chairman sold 861 shares), insiders own 14.7% and institutions/hedge funds own 85.81% of the stock.
• Earnings and guidance: Allegiant beat Q1 estimates with EPS of $3.77 (vs. $3.40) and revenue of $732.4M, but issued Q2 guidance of -1.00 to 0.00 EPS, while consensus FY EPS is 3.57.

Comerica Bank reduced its position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,955 shares of the transportation company's stock after selling 15,560 shares during the period. Comerica Bank owned about 0.16% of Allegiant Travel worth $2,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company's stock worth $475,000 after buying an additional 394 shares during the period. Creative Planning boosted its position in shares of 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 buying an additional 1,558 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Allegiant Travel during the second quarter worth about $350,000. Invesco Ltd. boosted its position 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 buying an additional 4,602 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Allegiant Travel during the second quarter worth about $654,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $114.00, for a total value of $98,154.00. Following the completion of the sale, the chairman directly owned 150,000 shares of the company's stock, valued at $17,100,000. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 300,000 shares of company stock valued at $34,350,512 over the last ninety days. Company insiders own 14.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. Morgan Stanley upped their target price on Allegiant Travel from $85.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, February 5th. Evercore upped their target price on Allegiant Travel from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Susquehanna reiterated a "positive" rating and set a $110.00 target price on shares of Allegiant Travel in a report on Friday, February 6th. Finally, Bank of America upgraded Allegiant Travel from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $55.00 to $95.00 in a report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $97.91.

Allegiant Travel Stock Performance

ALGT opened at $75.75 on Wednesday. Allegiant Travel Company has a 52-week low of $42.56 and a 52-week high of $118.00. The firm has a market capitalization of $1.40 billion, a PE ratio of -37.87, a PEG ratio of 0.37 and a beta of 1.50. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.95. The business's 50-day simple moving average is $84.70 and its 200 day simple moving average is $83.51.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.20% and a negative net margin of 1.30%.The firm had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the prior year, the company earned $2.11 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000--0.000 EPS. As a group, sell-side analysts expect that Allegiant Travel Company will post 3.57 earnings per share for the current fiscal year.

About Allegiant Travel

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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