Heartland Advisors Inc. Makes New $21.74 Million Investment in Allegiant Travel Company $ALGT

Key Points

• Heartland Advisors acquired a new $21.74 million stake in Allegiant Travel, purchasing 184,835 shares and owning approximately 1% of the company at quarter-end.
• Allegiant reported second-quarter EPS of $2.19, beating estimates of $1.27, while revenue rose 36.8% year over year to $943.5 million but fell short of expectations.
• Analyst sentiment is generally positive, with Allegiant holding a “Moderate Buy” consensus rating and an average price target of $127, despite the stock trading at $81.85 and showing a recent decline below its 50-day moving average.

Heartland Advisors Inc. acquired a new stake in Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 184,835 shares of the transportation company's stock, valued at approximately $21,737,000. Allegiant Travel accounts for about 1.0% of Heartland Advisors Inc.'s investment portfolio, making the stock its 22nd largest holding. Heartland Advisors Inc. owned approximately 1.00% of Allegiant Travel at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ALGT. Price T Rowe Associates Inc. MD grew its position in shares of Allegiant Travel by 0.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company's stock worth $1,694,000 after purchasing an additional 106 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Allegiant Travel by 1.2% in the first quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company's stock valued at $855,000 after buying an additional 125 shares in the last quarter. Millennium Management LLC raised its position in shares of Allegiant Travel by 0.5% in the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company's stock valued at $2,341,000 after buying an additional 134 shares in the last quarter. FourThought Financial Partners LLC boosted its stake in shares of Allegiant Travel by 4.1% in the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company's stock valued at $295,000 after buying an additional 137 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in shares of Allegiant Travel in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 85.81% of the company's stock.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $81.85 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The firm has a market capitalization 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. The firm's 50 day simple moving average is $100.64 and its 200 day simple moving average is $92.18. Allegiant Travel Company has a 1 year low of $56.64 and a 1 year high of $123.63.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings data 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 net margin of 0.90% and a return on equity of 10.83%. The business had revenue of $943.49 million for the quarter, compared to analysts' expectations of $982.70 million. During the same period last year, the firm posted $1.23 earnings per share. The firm's quarterly revenue was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. As a group, research analysts expect that Allegiant Travel Company will post 6.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ALGT. Weiss Ratings upgraded Allegiant Travel from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Citigroup upgraded Allegiant Travel from a "neutral" rating to a "buy" rating and upped their target price for the company from $98.00 to $156.00 in a research report on Friday, June 26th. The Goldman Sachs Group increased their target price on Allegiant Travel from $125.00 to $142.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Morgan Stanley raised their price target on Allegiant Travel from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Finally, Zacks Research raised Allegiant Travel from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Allegiant Travel presently has an average 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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