Donald Smith & CO. Inc. Buys Shares of 1,493,503 Allegiant Travel Company $ALGT

Key Points

• Donald Smith & Co. acquired 1,493,503 Allegiant Travel shares worth approximately $175.6 million, giving it an estimated 8.1% stake and making ALGT about 3.1% of its portfolio.
• Institutional investors own approximately 85.8% of Allegiant Travel, with several major funds recently initiating or increasing positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $127. Allegiant recently beat quarterly EPS estimates, reporting $2.19 versus the $1.27 consensus, while revenue rose 36.8% year over year.

Donald Smith & CO. Inc. bought a new position in Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,493,503 shares of the transportation company's stock, valued at approximately $175,636,000. Allegiant Travel comprises approximately 3.1% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 11th biggest position. Donald Smith & CO. Inc. owned approximately 8.10% of Allegiant Travel at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Allegiant Travel in the 2nd quarter valued at $416,591,000. Dimensional Fund Advisors LP increased its position in Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company's stock worth $70,607,000 after buying an additional 7,228 shares during the period. Par Capital Management Inc. lifted its holdings in shares of Allegiant Travel by 11.1% during the second 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 raised its stake in Allegiant Travel by 0.4% during the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company's stock valued at $48,377,000 after purchasing an additional 2,282 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Allegiant Travel by 15.4% during the third 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 last quarter. Institutional investors and hedge funds own 85.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALGT shares. Weiss Ratings upgraded Allegiant Travel from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Melius Research upgraded shares of Allegiant Travel from a "hold" rating to a "buy" rating and set a $160.00 target price for the company in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of Allegiant Travel from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Susquehanna reduced their price objective on Allegiant Travel from $132.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Finally, Bank of America raised their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $127.00.

Allegiant Travel Trading Up 7.1%

Shares of NASDAQ ALGT opened at $81.85 on Friday. The company's fifty day moving average is $100.64 and its 200-day moving average is $92.18. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 58.05, a P/E/G ratio of 0.21 and a beta of 1.53. Allegiant Travel Company has a twelve month low of $56.64 and a twelve month high of $123.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm had revenue of $943.49 million during the quarter, compared to analysts' expectations of $982.70 million. During the same period in the previous 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. Equities research analysts predict that Allegiant Travel Company will post 6.95 EPS for the current 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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