Deutsche Bank AG Purchases Shares of 26,974 Allegiant Travel Company $ALGT

Key Points

• Deutsche Bank acquired 26,974 Allegiant Travel shares worth approximately $3.17 million, while institutional investors collectively own 85.81% of the company.
• Analyst sentiment is generally positive, with the stock holding a “Moderate Buy” consensus rating and an average price target of $128.38. Citigroup upgraded the shares to “buy,” while Goldman Sachs raised its target to $142.
• Allegiant Travel reported quarterly EPS of $2.19, beating estimates of $1.27, although revenue of $943.49 million fell short of expectations. Revenue still increased 36.8% year over year.

Deutsche Bank AG purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,974 shares of the transportation company's stock, valued at approximately $3,172,000. Deutsche Bank AG owned 0.15% of Allegiant Travel as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Allegiant Travel by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company's stock valued at $70,607,000 after purchasing an additional 7,228 shares during the period. Par Capital Management Inc. boosted its stake in Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company's stock worth $32,146,000 after buying an additional 58,566 shares during the last quarter. State Street Corp grew its holdings in Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company's stock valued at $48,377,000 after buying an additional 2,282 shares during the period. Franklin Resources Inc. grew its holdings in Allegiant Travel by 15.4% in the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company's stock valued at $33,380,000 after buying an additional 73,360 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Allegiant Travel by 14.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company's stock valued at $26,354,000 after acquiring an additional 53,800 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Citigroup raised shares of Allegiant Travel from a "neutral" rating to a "buy" rating and upped their price target for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Allegiant Travel from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group upped their price objective on Allegiant Travel from $125.00 to $142.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Finally, Raymond James Financial upgraded Allegiant Travel from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from $138.00 to $116.00 in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.38.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $82.60 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 debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The firm has a market capitalization of $2.26 billion, a P/E ratio of 58.58, a P/E/G ratio of 0.23 and a beta of 1.53. The company's fifty day moving average price is $99.83 and its two-hundred day moving average price is $91.87.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its earnings results 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 company had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. During the same period last year, the firm earned $1.23 earnings per share. The company's revenue was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. On average, research analysts anticipate that Allegiant Travel Company will post 6.83 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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