State of Wyoming Purchases New Holdings in Allegiant Travel Company $ALGT

State of Wyoming acquired a new position in Allegiant Travel Company (NASDAQ:ALGT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,258 shares of the transportation company’s stock, valued at approximately $854,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALGT. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allegiant Travel in the second quarter valued at $42,000. Parallel Advisors LLC grew its holdings in shares of Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after buying an additional 377 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in Allegiant Travel during the third quarter valued at $69,000. NewEdge Advisors LLC raised its position in Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after buying an additional 373 shares during the period. Finally, MidFirst Bank purchased a new stake in Allegiant Travel in the 4th quarter worth about $114,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALGT shares. Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. UBS Group upped their target price on Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price target for the company. Morgan Stanley raised their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Finally, Barclays initiated coverage on shares of Allegiant Travel in a research report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $85.75 on Friday. The business’s 50-day moving average price is $101.13 and its two-hundred day moving average price is $92.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.87. Allegiant Travel Company has a one year low of $53.70 and a one year high of $123.63. The company has a market capitalization of $2.34 billion, a P/E ratio of 60.82, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The company had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. During the same period in the prior year, the firm posted $1.23 EPS. 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 anticipate that Allegiant Travel Company will post 7.14 earnings per share for the current fiscal 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.