6,000 Shares in Allegiant Travel Company $ALGT Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,000 shares of the transportation company’s stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALGT. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 7,228 shares in the last quarter. Par Capital Management Inc. grew its stake in Allegiant Travel by 11.1% during the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after acquiring an additional 58,566 shares in the last quarter. State Street Corp grew its stake in Allegiant Travel by 0.4% during the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after acquiring an additional 2,282 shares in the last quarter. Franklin Resources Inc. raised its holdings in Allegiant Travel by 15.4% in the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after acquiring an additional 73,360 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Allegiant Travel by 14.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock valued at $26,354,000 after acquiring an additional 53,800 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Price Performance

Allegiant Travel stock opened at $108.26 on Thursday. The company’s 50 day simple moving average is $91.34 and its 200-day simple moving average is $90.36. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -54.13, a price-to-earnings-growth 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 quick ratio of 0.87 and a current ratio of 0.91.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping 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 10.07%. The firm had revenue of $732.43 million during the quarter, compared to analysts’ expectations of $711.01 million. During the same quarter last year, the company posted $2.11 EPS. The firm’s quarterly 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. As a group, equities research analysts expect that Allegiant Travel Company will post 7.05 earnings per share for the current year.

Analysts Set New Price Targets

ALGT has been the topic of several recent research reports. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and increased their price target for the company from $98.00 to $156.00 in a report on Friday, June 26th. UBS Group upgraded Allegiant Travel from a “neutral” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Barclays initiated coverage on Allegiant Travel in a research note on Wednesday. They issued an “overweight” rating and a $145.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.08.

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.