Louisiana State Employees Retirement System Buys New Position in Allegiant Travel Company $ALGT

Louisiana State Employees Retirement System bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 6,000 shares of the transportation company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALGT. Dimensional Fund Advisors LP lifted its position in shares of Allegiant Travel by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after purchasing an additional 7,228 shares in the last quarter. Par Capital Management Inc. grew its holdings in shares of Allegiant Travel by 11.1% in the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after purchasing an additional 58,566 shares in the last quarter. State Street Corp grew its holdings in shares of Allegiant Travel by 0.4% in the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after purchasing an additional 2,282 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after purchasing an additional 73,360 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Allegiant Travel by 14.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock worth $26,354,000 after buying an additional 53,800 shares during the period. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $108.26 on Thursday. The company has a fifty day moving average of $91.34 and a two-hundred day moving average of $90.36. The company has a market capitalization of $2.00 billion, a PE ratio of -54.13, a P/E/G ratio of 0.31 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 debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results 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 business had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The business’s 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. As a group, analysts expect that Allegiant Travel Company will post 7.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALGT. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Tuesday. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Barclays initiated coverage on shares of Allegiant Travel in a report on Wednesday. They issued an “overweight” rating and a $145.00 price objective on the stock. Finally, Bank of America boosted their target price on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Allegiant Travel presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.08.

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.