PEAK6 LLC Invests $1.41 Million in Allegiant Travel Company $ALGT

PEAK6 LLC bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,013 shares of the transportation company’s stock, valued at approximately $1,413,000.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Allegiant Travel during the 2nd quarter valued at about $26,000. Allworth Financial LP bought a new position in Allegiant Travel during the second quarter valued at approximately $26,000. Parallel Advisors LLC boosted its stake in Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after buying an additional 377 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Allegiant Travel during the 2nd quarter valued at approximately $42,000. Finally, NewEdge Advisors LLC grew its holdings in Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after buying an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALGT. Susquehanna reduced their price objective on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price for the company. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and raised their target price for the company from $98.00 to $156.00 in a report on Friday, June 26th. Raymond James Financial upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allegiant Travel has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Allegiant Travel Price Performance

NASDAQ:ALGT opened at $81.85 on Monday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 58.05, a PEG ratio of 0.23 and a beta of 1.53. 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 business has a 50 day simple moving average of $100.64 and a 200-day simple moving average of $92.19. Allegiant Travel Company has a 1 year low of $56.64 and a 1 year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating 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 firm had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. During the same quarter in the previous year, the company posted $1.23 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Allegiant Travel Company will post 6.95 EPS for the current year.

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.