Allegiant Travel Company $ALGT Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 9,819.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 35,015 shares of the transportation company’s stock after purchasing an additional 34,662 shares during the quarter. Fifth Third Bancorp’s holdings in Allegiant Travel were worth $2,838,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. bought a new position in shares of Allegiant Travel in the fourth quarter valued at $16,405,000. Assenagon Asset Management S.A. bought a new stake in shares of Allegiant Travel during the 1st quarter worth $11,781,000. Franklin Resources Inc. boosted its stake in shares of Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after acquiring an additional 73,360 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Allegiant Travel by 148.1% in the 2nd quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after acquiring an additional 70,982 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Allegiant Travel by 25.8% in the 3rd quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock worth $19,922,000 after acquiring an additional 67,327 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $102.17 on Tuesday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -51.08, a P/E/G ratio of 0.26 and a beta of 1.51. Allegiant Travel Company has a 1-year low of $42.56 and a 1-year 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. The stock’s fifty day simple moving average is $95.83 and its 200-day simple moving average is $91.58.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $711.01 million. During the same period last year, the company posted $2.11 EPS. The business’s quarterly revenue 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. On average, sell-side analysts predict that Allegiant Travel Company will post 7.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALGT has been the subject of several analyst 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. Morgan Stanley boosted their price objective on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Bank of America upped their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Susquehanna lifted their target price on shares of Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, Barclays began coverage on shares of Allegiant Travel in a report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.08.

About Allegiant Travel

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.