Allegiant Travel (NASDAQ:ALGT) Shares Up 9.3% – Here’s Why

Shares of Allegiant Travel Company (NASDAQ:ALGT) shot up 9.3% on Wednesday . The stock traded as high as $75.43 and last traded at $76.3790. 151,952 shares were traded during mid-day trading, a decline of 73% from the average session volume of 554,349 shares. The stock had previously closed at $69.87.

Wall Street Analyst Weigh In

ALGT has been the subject of a number of research analyst reports. Susquehanna reissued a “positive” rating and issued a $110.00 price target on shares of Allegiant Travel in a report on Friday, February 6th. Evercore upped their price target on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Zacks Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. UBS Group upped their price target on shares of Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Finally, Citigroup cut their price target on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.70.

Allegiant Travel Stock Down 0.2%

The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -40.60, a P/E/G ratio of 0.35 and a beta of 1.50. The stock’s fifty day simple moving average is $80.72 and its two-hundred day simple moving average is $84.63.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same period in the prior year, the firm earned $2.11 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts anticipate that Allegiant Travel Company will post 4.07 EPS for the current year.

Institutional Trading of Allegiant Travel

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 106 shares in the last quarter. Signaturefd LLC lifted its stake in Allegiant Travel by 27.3% during the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after buying an additional 117 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in Allegiant Travel by 1.2% during 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 lifted its stake in Allegiant Travel by 0.5% during 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. Finally, FourThought Financial Partners LLC lifted its stake in Allegiant Travel by 4.1% during 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 in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Company 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.