VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Allegiant Travel Company $ALGT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, Holdings Channel.com reports. The institutional investor bought 11,000 shares of the transportation company’s stock, valued at approximately $1,294,000.

A number of other institutional investors have also made changes to their positions in ALGT. Price T Rowe Associates Inc. MD raised its stake in shares of Allegiant Travel by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after acquiring an additional 106 shares during the period. Silver Oak Securities Incorporated increased its holdings in Allegiant Travel by 1.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 125 shares during the last quarter. Millennium Management LLC raised its position in Allegiant Travel by 0.5% in the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 134 shares during the period. FourThought Financial Partners LLC raised its position in Allegiant Travel by 4.1% in the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 137 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in Allegiant Travel during the second quarter worth $26,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Trading Up 2.9%

NASDAQ:ALGT opened at $78.27 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. Allegiant Travel Company has a 1 year low of $57.11 and a 1 year high of $123.63. The stock has a market cap of $2.14 billion, a P/E ratio of 55.51, a P/E/G ratio of 0.22 and a beta of 1.50. The stock has a 50-day simple moving average of $91.68 and a 200-day simple moving average of $89.14.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, analysts anticipate that Allegiant Travel Company will post 6.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALGT. Barclays lowered their price target on Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings raised Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. UBS Group raised their target price on Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley lifted their target price on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Allegiant Travel currently has an average rating of “Moderate Buy” and a consensus target price of $126.08.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel and aviation company headquartered in Las Vegas, Nevada. Its principal subsidiary, Allegiant Air, operates scheduled and charter passenger flights, primarily connecting smaller regional airports with popular vacation destinations in the United States.

Allegiant Air’s business model emphasizes low base fares and a range of optional services, including baggage, seat selection, priority boarding and other travel-related products. The airline primarily serves leisure travelers and operates routes to destinations such as Florida, Las Vegas, Arizona and other vacation markets, with service designed around demand for leisure travel rather than extensive daily connectivity between major business centers.

Allegiant Travel was established in 1997, and Allegiant Air began scheduled passenger operations in 1999.