SG Americas Securities LLC Lowers Stock Holdings in Allegiant Travel Company $ALGT

SG Americas Securities LLC reduced its position in Allegiant Travel Company (NASDAQ:ALGT) by 41.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,988 shares of the transportation company’s stock after selling 4,994 shares during the quarter. SG Americas Securities LLC’s holdings in Allegiant Travel were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hudson Bay Capital Management LP acquired a new position in shares of Allegiant Travel in the third quarter valued at approximately $1,109,000. Landscape Capital Management L.L.C. purchased a new stake in Allegiant Travel during the 4th quarter worth approximately $5,031,000. First Eagle Investment Management LLC acquired a new stake in Allegiant Travel during the 4th quarter worth approximately $3,866,000. GSA Capital Partners LLP acquired a new stake in Allegiant Travel during the 4th quarter worth approximately $973,000. Finally, M&T Bank Corp purchased a new position in Allegiant Travel in the 4th quarter valued at approximately $1,324,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Tuesday. Zacks Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Finally, The Goldman Sachs Group upped their price target on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $124.23.

Allegiant Travel Price Performance

Shares of ALGT opened at $111.14 on Wednesday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -55.57, a PEG ratio of 0.46 and a beta of 1.51. The firm’s fifty day simple moving average is $90.76 and its 200-day simple moving average is $90.20. Allegiant Travel Company has a twelve month low of $42.56 and a twelve month high of $123.63. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating the consensus estimate of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the prior year, the company posted $2.11 earnings per share. Allegiant Travel’s revenue for the quarter was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities analysts forecast that Allegiant Travel Company will post 4.87 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.