Assenagon Asset Management S.A. Acquires Shares of 145,373 Allegiant Travel Company $ALGT

Assenagon Asset Management S.A. acquired a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 145,373 shares of the transportation company’s stock, valued at approximately $11,781,000. Assenagon Asset Management S.A. owned approximately 0.79% of Allegiant Travel at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 worth $1,694,000 after purchasing an additional 106 shares during the period. Signaturefd LLC increased its stake in shares of Allegiant Travel by 27.3% in 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 during the period. Millennium Management LLC boosted its holdings in Allegiant Travel by 0.5% in the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares during the last quarter. FourThought Financial Partners LLC increased its position in Allegiant Travel by 4.1% during the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 137 shares during the period. Finally, CWM LLC increased its position in Allegiant Travel by 3.9% during the 4th quarter. CWM LLC now owns 6,031 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 224 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALGT has been the subject of several research analyst reports. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $156.00 in a research report on Friday. UBS Group upped their target price on Allegiant Travel from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday. Zacks Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Finally, The Goldman Sachs Group assumed coverage on Allegiant Travel in a report on Wednesday, June 17th. They set a “buy” rating and a $125.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Allegiant Travel presently has a consensus rating of “Moderate Buy” and an average price target of $111.36.

Allegiant Travel Trading Up 5.5%

NASDAQ:ALGT opened at $116.10 on Friday. Allegiant Travel Company has a 52 week low of $42.56 and a 52 week high of $118.00. The firm has a 50-day moving average price of $86.27 and a two-hundred day moving average price of $88.61. 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 firm has a market cap of $2.14 billion, a price-to-earnings ratio of -58.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.37. The firm had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities analysts expect that Allegiant Travel Company will post 3.72 earnings per share for the current fiscal 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.