VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.29 Million Investment in Allegiant Travel Company $ALGT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,000 shares of the transportation company’s stock, valued at approximately $1,294,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Allegiant Travel in the 2nd quarter valued at $416,591,000. Donald Smith & CO. Inc. acquired a new stake in Allegiant Travel during the 2nd quarter worth $175,636,000. California State Teachers Retirement System grew its holdings in shares of Allegiant Travel by 18,653.3% during the second quarter. California State Teachers Retirement System now owns 886,469 shares of the transportation company’s stock worth $104,249,000 after buying an additional 881,742 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Allegiant Travel during the second quarter worth $33,013,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Allegiant Travel in the second quarter valued at about $26,232,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

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

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

Analysts Set New Price Targets

ALGT has been the topic of several research reports. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Tuesday, July 7th. Bank of America upped their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Morgan Stanley raised their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. began coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.08.

About Allegiant Travel

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.