Allegiant Air (ALGT)

• Market cap: $1.55B
• 1 day: 2.86%
• 5 days: -0.53%
• 1 month: 16.19%
• 3 months: 84.39%
• 6 months: 59.65%
• Year to date: 4.17%
• 1 year: 3.94%
• 5 years: -52.93%
• 10 years: -40.55%
• Sector: Industrials
• Industry: Air Transportation, Scheduled

About: Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Employees: 5,827

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

81% more call options, than puts

Call options by funds: $31.4M | Put options by funds: $17.4M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

13% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 63

5% more capital invested

Capital invested by funds: $840M [Q2] → $882M (+$42.4M) [Q3]

3% less funds holding

Funds holding: 210 [Q2] → 204 (-6) [Q3]

4.02% less ownership

Funds ownership: 92.03% [Q2] → 88.01% (-4.02%) [Q3]

14% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 43

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 29% downside
• Avg. target: $74 13% downside
• High target: $90 7% upside

6 analyst ratings

• positive: 0 0%
• neutral: 6 100%
• negative: 0 0%

TD Cowen Helane Becker 81% 1-year accuracy 21 / 26 met price target	17% downside $70	Hold Maintained	17 Dec 2024
Morgan Stanley Ravi Shanker 53% 1-year accuracy 16 / 30 met price target	7% upside $90	Equal-Weight Maintained	11 Dec 2024
Goldman Sachs Catherine O'Brien 29% 1-year accuracy 2 / 7 met price target	2% downside $83	Neutral Reinstated	15 Nov 2024
Barclays Brandon Oglenski 41% 1-year accuracy 26 / 64 met price target	11% downside $75	Equal-Weight Maintained	14 Nov 2024
Susquehanna Christopher Stathoulopoulos 100% 1-year accuracy 18 / 18 met price target	29% downside $60	Neutral Maintained	4 Nov 2024