Allegiant Travel Company $ALGT Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its stake in shares of Allegiant Travel Company (NASDAQ:ALGT) by 40.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,120 shares of the transportation company’s stock after selling 8,876 shares during the period. Quantinno Capital Management LP owned approximately 0.07% of Allegiant Travel worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALGT. Parallel Advisors LLC boosted its stake in shares of Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after buying an additional 377 shares during the last quarter. NewEdge Advisors LLC raised its position in Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 373 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in Allegiant Travel during the third quarter valued at approximately $69,000. MidFirst Bank acquired a new position in Allegiant Travel in the fourth quarter valued at approximately $114,000. Finally, State of Wyoming acquired a new position in Allegiant Travel in the second quarter valued at approximately $159,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Down 0.8%

Shares of ALGT opened at $85.75 on Friday. The firm has a market cap of $2.34 billion, a P/E ratio of 60.82, a PEG ratio of 0.23 and a beta of 1.53. Allegiant Travel Company has a 12 month low of $53.70 and a 12 month high of $123.63. The stock’s 50 day moving average is $101.13 and its two-hundred day moving average is $92.43. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last announced 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. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The business had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. During the same period in the prior year, the company posted $1.23 EPS. The business’s quarterly 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. Analysts predict that Allegiant Travel Company will post 7.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALGT has been the topic of a number of analyst reports. Susquehanna dropped their price objective on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Bank of America boosted 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. Wall Street Zen downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and raised their price target for the company from $98.00 to $156.00 in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Allegiant Travel has an average rating of “Moderate Buy” and a consensus target price of $127.00.

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.