U S Global Investors Inc. Acquires 36,953 Shares of Allegiant Travel Company $ALGT

Key Points

• U.S. Global Investors increased its Allegiant Travel stake by 10.6%, adding 36,953 shares to own 384,198 shares worth approximately $29.1 million. Institutional investors and hedge funds collectively own 85.81% of the company.
• Allegiant reported quarterly EPS of $2.19, beating analyst expectations of $1.27, while revenue rose 36.8% year over year to $943.5 million but fell short of estimates.
• Analyst sentiment remains positive but mixed, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $123.38 versus its recent price of $70.36.

U S Global Investors Inc. lifted its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 384,198 shares of the transportation company's stock after acquiring an additional 36,953 shares during the quarter. Allegiant Travel makes up about 2.9% of U S Global Investors Inc.'s portfolio, making the stock its 7th biggest holding. U S Global Investors Inc. owned 1.41% of Allegiant Travel worth $29,118,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Allegiant Travel in the 2nd quarter valued at $416,591,000. Donald Smith & CO. Inc. bought a new position in Allegiant Travel during the second quarter worth $175,636,000. Bank of New York Mellon Corp bought a new position in Allegiant Travel during the second quarter worth $33,013,000. Wellington Management Group LLP acquired a new position in shares of Allegiant Travel in the second quarter valued at $26,232,000. Finally, Heartland Advisors Inc. acquired a new position in shares of Allegiant Travel in the second quarter valued at $21,737,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Stock Up 0.4%

Shares of ALGT opened at $70.36 on Friday. Allegiant Travel Company has a one year low of $57.11 and a one year high of $123.63. The company has a market cap of $1.92 billion, a P/E ratio of 49.90, a P/E/G ratio of 0.24 and a beta of 1.55. 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 50 day simple moving average of $76.71 and a two-hundred day simple moving average of $86.96.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to analysts' expectations of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%. The company's quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Research analysts forecast that Allegiant Travel Company will post 5.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ALGT shares. Barclays dropped their price objective on shares of Allegiant Travel from $145.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, September 11th. UBS Group raised shares of Allegiant Travel from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $111.00 to $107.00 in a report on Sunday, September 13th. Susquehanna decreased their price target on Allegiant Travel from $110.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 7th. The Goldman Sachs Group boosted their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Allegiant Travel from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.38.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada. Its principal operating subsidiary, Allegiant Air, is a low-cost airline that provides scheduled and charter passenger service, primarily connecting smaller and mid-sized U.S. cities with popular vacation destinations.

Allegiant Air's business model emphasizes nonstop routes, low base fares and optional services such as seat selection, baggage, priority boarding and other travel-related amenities.

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