Entropy Technologies LP Makes New $461,000 Investment in Allegiant Travel Company $ALGT

Entropy Technologies LP acquired a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,691 shares of the transportation company’s stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of Allegiant Travel during the 1st quarter worth about $486,000. Landscape Capital Management L.L.C. bought a new position in Allegiant Travel during the 4th quarter valued at about $5,031,000. U S Global Investors Inc. raised its position in Allegiant Travel by 5.1% in the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock worth $24,249,000 after purchasing an additional 14,540 shares during the period. First Eagle Investment Management LLC purchased a new stake in Allegiant Travel in the 4th quarter worth about $3,866,000. Finally, GSA Capital Partners LLP purchased a new stake in Allegiant Travel in the 4th quarter worth about $973,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Analyst Ratings Changes

ALGT has been the subject of several recent analyst reports. Bank of America boosted their target price on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Barclays began coverage on Allegiant Travel in a report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Melius Research upgraded Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. started coverage on Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of “Moderate Buy” and a consensus target price of $128.08.

Allegiant Travel News Roundup

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

• Positive Sentiment: Allegiant will begin offering complimentary beverages on all flights starting Aug. 1, 2026, and plans to introduce “Allegiant First” premium seating on select aircraft in spring 2027. The initiatives may improve customer satisfaction, strengthen the airline’s competitive position and create opportunities for higher ancillary revenue. Allegiant Adds Free Drinks, Introduces New Class of Premium Seating
• Neutral Sentiment: Zacks Research maintained a “Hold” rating. Its forecasts indicate improving profitability beyond 2026, with projected EPS of $7.53 for fiscal 2026, $12.83 for fiscal 2027 and $12.97 for fiscal 2028. However, these are estimates rather than new company guidance and do not represent a meaningful change in the investment view.
• Negative Sentiment: Zacks said Allegiant Travel does not currently have the combination of factors typically associated with a likely earnings beat in its upcoming report. That caution may be weighing on the stock ahead of results, particularly because estimates point to uneven quarterly performance, including projected EPS of only $0.10 in the third quarter of 2026. Allegiant Travel Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: The complimentary beverage program and upgraded seating will likely increase operating and service costs before their financial benefits are proven. With Allegiant already carrying elevated leverage and recent profitability pressure, investors may remain focused on whether the new offerings can generate sufficient demand and pricing power.

Allegiant Travel Trading Down 5.8%

Shares of ALGT opened at $95.69 on Thursday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -47.84, a PEG ratio of 0.26 and a beta of 1.51. 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 Company has a 1-year low of $42.56 and a 1-year high of $123.63. The company has a 50-day moving average of $99.01 and a 200 day moving average of $92.00.

Allegiant Travel (NASDAQ:ALGT) last issued 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. The business had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. On average, research analysts expect that Allegiant Travel Company will post 7.5 EPS for the current year.

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.