Canada Pension Plan Investment Board Makes New $963,000 Investment in Allegiant Travel Company $ALGT

Canada Pension Plan Investment Board purchased a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,191 shares of the transportation company’s stock, valued at approximately $963,000.

Several other hedge funds have also recently modified their holdings of ALGT. BlackRock Inc. acquired a new stake in shares of Allegiant Travel during the second quarter worth $416,591,000. Donald Smith & CO. Inc. purchased a new position in shares of Allegiant Travel during the 2nd quarter valued at about $175,636,000. Dimensional Fund Advisors LP raised its stake in shares of Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after buying an additional 7,228 shares during the last quarter. Par Capital Management Inc. boosted its stake 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 worth $32,146,000 after buying an additional 58,566 shares during the last quarter. Finally, State Street Corp grew its holdings in Allegiant Travel by 0.4% during the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after acquiring an additional 2,282 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ALGT has been the topic of a number of analyst reports. Zacks Research raised shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citigroup upgraded shares of 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. The Goldman Sachs Group increased their target price on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Bank of America lifted their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Susquehanna reduced their price target on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.38.

Allegiant Travel Trading Down 3.7%

ALGT opened at $76.05 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The company’s 50 day simple moving average is $98.46 and its two-hundred day simple moving average is $91.11. Allegiant Travel Company has a 1-year low of $57.11 and a 1-year high of $123.63. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 53.94, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last posted 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. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The business had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. During the same period in the prior year, the business earned $1.23 earnings per share. The business’s revenue 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. Analysts expect that Allegiant Travel Company will post 6.83 EPS for the current fiscal year.

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.