Clearbridge Investments LLC Reduces Position in Allegiant Travel Company $ALGT

Clearbridge Investments LLC lessened its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,170 shares of the transportation company’s stock after selling 17,125 shares during the period. Clearbridge Investments LLC owned about 0.60% of Allegiant Travel worth $9,394,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALGT. Heartland Advisors Inc. purchased a new position in shares of Allegiant Travel during the third quarter valued at approximately $12,747,000. Franklin Resources Inc. increased its stake in Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after purchasing an additional 73,360 shares during the period. Bank of America Corp DE increased its stake in Allegiant Travel by 148.1% in the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after purchasing an additional 70,982 shares during the period. UBS Group AG increased its stake in Allegiant Travel by 25.8% in the third quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock worth $19,922,000 after purchasing an additional 67,327 shares during the period. Finally, Vanguard Group Inc. increased its stake in Allegiant Travel by 4.1% in the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after purchasing an additional 66,596 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $80.15 on Thursday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -40.07, a PEG ratio of 0.43 and a beta of 1.55. The company’s 50 day moving average is $82.43 and its 200 day moving average is $86.60. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. Allegiant Travel Company has a 52-week low of $42.56 and a 52-week high of $118.00.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data 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 company had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. Allegiant Travel’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts anticipate that Allegiant Travel Company will post 3.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ALGT shares. Bank of America increased their target price on Allegiant Travel from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. UBS Group boosted their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Finally, Citigroup lowered their price objective on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $103.20.

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.