Short Interest in Allegiant Travel Company (NASDAQ:ALGT) Declines By 16.2%

Allegiant Travel Company (NASDAQ:ALGT) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 2,164,816 shares, a decline of 16.2% from the March 31st total of 2,583,555 shares. Based on an average daily trading volume, of 450,138 shares, the days-to-cover ratio is currently 4.8 days. Currently, 13.8% of the company’s shares are short sold.

Allegiant Travel Stock Performance

Shares of ALGT opened at $75.02 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.95. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $118.00. The firm’s 50 day moving average price is $85.33 and its two-hundred day moving average price is $83.31. The firm has a market cap of $1.38 billion, a P/E ratio of -37.51, a PEG ratio of 0.39 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.20%. 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 previous year, the firm posted $2.11 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, analysts forecast that Allegiant Travel will post 3.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ALGT shares. UBS Group lifted their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Citigroup reduced their price objective on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Barclays lifted their price objective on shares of Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Morgan Stanley lifted their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $97.91.

Insider Activity at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of Allegiant Travel stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total transaction of $98,154.00. Following the transaction, the chairman owned 150,000 shares of the company’s stock, valued at $17,100,000. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 300,000 shares of company stock worth $34,350,512. 14.70% of the stock is owned by insiders.

Institutional Trading of Allegiant Travel

A number of hedge funds and other institutional investors have recently made changes to their positions in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Allegiant Travel by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 394 shares during the last quarter. Creative Planning raised its holdings in shares of Allegiant Travel by 29.1% in the second quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock valued at $380,000 after purchasing an additional 1,558 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Allegiant Travel in the second quarter valued at approximately $350,000. Invesco Ltd. raised its holdings in shares of Allegiant Travel by 3.9% in the second quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after purchasing an additional 4,602 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Allegiant Travel in the second quarter valued at approximately $654,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Key Allegiant Travel News

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $3.77 vs. $3.40 consensus and revenue $732.4M vs. $711.0M expected; adjusted EPS rose ~79% year-over-year and revenue was up 4.8% y/y, showing stronger demand and margin recovery. ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2026 FINANCIAL RESULTS
• Positive Sentiment: Management tone and operational update were constructive — the earnings call and transcripts highlight confident commentary on operations and liquidity moves (including aircraft-backed financing) that support fleet and cash flow. Allegiant Travel Company (ALGT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Company issued supplemental disclosures related to the proposed Sun Country merger — provides more transparency but adds timing and regulatory steps that could add uncertainty. Allegiant Issues Supplemental Disclosures Ahead of Sun Country Merger
• Neutral Sentiment: GAAP vs. adjusted results: GAAP diluted EPS was $2.30 while adjusted EPS was $3.77 — investors should read the reconciliation for one-time items driving the gap. Allegiant Travel: Q1 Earnings Snapshot
• Negative Sentiment: Q2 2026 guidance is conservative: company set EPS guidance of -1.00 to 0.00 for Q2 versus the Street near -0.24, signaling a weaker near-term outlook and driving selling pressure despite the Q1 beat. Allegiant Travel (ALGT) Reports Q1 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Profitability mixed: company still shows a negative net margin on GAAP basis (-1.71% reported), highlighting volatility and potential one-time or non-operational items that weighed on headline profitability. Allegiant Q1 Press Release / Financials

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.