American Century Companies Inc. Buys 37,205 Shares of Allegiant Travel Company $ALGT

American Century Companies Inc. grew its stake in Allegiant Travel Company (NASDAQ:ALGT) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 688,322 shares of the transportation company’s stock after purchasing an additional 37,205 shares during the quarter. American Century Companies Inc.’s holdings in Allegiant Travel were worth $41,829,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. raised its position in Allegiant Travel by 12.9% in the 2nd quarter. Federated Hermes Inc. now owns 215,531 shares of the transportation company’s stock valued at $11,843,000 after buying an additional 24,557 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Allegiant Travel during the 2nd quarter worth $205,000. Apollo Management Holdings L.P. purchased a new position in Allegiant Travel during the 2nd quarter worth $6,124,000. Jump Financial LLC grew its stake in shares of Allegiant Travel by 195.5% in the 2nd quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock worth $7,023,000 after acquiring an additional 84,555 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of Allegiant Travel by 23.7% in the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after acquiring an additional 81,987 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ALGT shares. Bank of America raised shares of Allegiant Travel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $55.00 to $95.00 in a research report on Tuesday, January 6th. Evercore upped their price objective on Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Susquehanna reiterated a “positive” rating and set a $110.00 target price on shares of Allegiant Travel in a research note on Friday, February 6th. UBS Group boosted their price target on shares of Allegiant Travel from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $100.18.

More Allegiant Travel News

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Zacks highlights growth catalysts — management’s Sun Country acquisition plan (~$1.5B) and projected $140M of synergies — and argues the combination plus strong leisure travel demand support upside. Here’s Why Investors Should Bet on Allegiant Travel Company Stock Now
• Positive Sentiment: Zacks Research has repeatedly raised Q1/Q2/Q4 and FY2026–FY2027 EPS estimates and moved the stock to “Strong‑Buy” — upgrades that can support valuation and attract buy-side interest as consensus earnings power improves. MarketBeat summary of Zacks research
• Neutral Sentiment: Reported short‑interest data in recent filings shows “0 shares” and NaN changes — likely a reporting anomaly. There’s currently no credible signal of a large short position or imminent squeeze based on those numbers.
• Negative Sentiment: Zacks published a note pointing out ALGT is down ~15.4% since its last earnings report and asks whether it can rebound — indicating investor concern about near‑term execution, guidance or margin pressure after earnings. That skepticism likely contributed to today’s selling pressure. Allegiant Travel (ALGT) Down 15.4% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Company financials and valuation metrics remain risk factors for some investors — ALGT carries notable leverage (debt/equity ~1.6) and volatile historical profitability (negative trailing P/E), which can amplify downside during short‑term selloffs.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $114.23, for a total value of $19,990,250.00. Following the sale, the chairman directly owned 1,962,348 shares of the company’s stock, valued at approximately $224,159,012.04. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 300,000 shares of company stock worth $34,350,512 in the last ninety days. 14.70% of the stock is currently owned by company insiders.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $79.50 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.60. Allegiant Travel Company has a twelve month low of $39.80 and a twelve month high of $118.00. The firm’s fifty day simple moving average is $95.87 and its 200 day simple moving average is $77.69. The stock has a market cap of $1.47 billion, a P/E ratio of -30.93, a price-to-earnings-growth ratio of 0.19 and a beta of 1.56.

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.