VELA Investment Management LLC Makes New Investment in Allegiant Travel Company $ALGT

VELA Investment Management LLC acquired 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 & Exchange Commission. The fund acquired 37,934 shares of the transportation company’s stock, valued at approximately $4,461,000.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Allegiant Travel during the second quarter worth approximately $416,591,000. Donald Smith & CO. Inc. bought a new stake in Allegiant Travel in the 2nd quarter valued at $175,636,000. Dimensional Fund Advisors LP boosted its stake in Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after purchasing an additional 7,228 shares during the period. Par Capital Management Inc. grew its holdings in Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after buying an additional 58,566 shares in the last quarter. Finally, State Street Corp grew its holdings in Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after buying an additional 2,282 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

ALGT has been the subject of a number of research reports. Melius Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Tuesday, July 7th. The Goldman Sachs Group upped their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Susquehanna dropped their price objective on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Finally, Bank of America boosted their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.38.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $78.16 on Tuesday. Allegiant Travel Company has a fifty-two week low of $57.11 and a fifty-two week high of $123.63. The stock’s fifty day moving average price is $95.03 and its two-hundred day moving average price is $89.87. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. The company has a market cap of $2.14 billion, a PE ratio of 55.43, a P/E/G ratio of 0.22 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The company had revenue of $943.49 million during the quarter, compared to analysts’ expectations of $982.70 million. During the same quarter in the previous year, the firm earned $1.23 EPS. Allegiant Travel’s 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. Equities analysts predict that Allegiant Travel Company will post 6.83 EPS for the current fiscal year.

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.