Public Employees Retirement System of Ohio Makes New Investment in Allegiant Travel Company $ALGT

Public Employees Retirement System of Ohio acquired a new stake in 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 acquired 21,870 shares of the transportation company’s stock, valued at approximately $2,572,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after purchasing an additional 106 shares during the period. Silver Oak Securities Incorporated increased its holdings in Allegiant Travel by 1.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 125 shares during the period. Millennium Management LLC increased its holdings in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 134 shares during the period. FourThought Financial Partners LLC raised its position in Allegiant Travel by 4.1% during the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 137 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Allegiant Travel during the 2nd quarter valued at approximately $26,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Trading Up 3.0%

NASDAQ:ALGT opened at $78.16 on Friday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 55.43, a PEG 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 one year low of $57.11 and a one year high of $123.63. The company’s 50-day simple moving average is $95.75 and its 200 day simple moving average is $90.27.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALGT shares. Morgan Stanley lifted their price objective on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Wall Street Zen downgraded Allegiant Travel from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. started coverage on Allegiant Travel in a research note on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price target for the company. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Tuesday, July 7th. Finally, Raymond James Financial upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $138.00 to $116.00 in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allegiant Travel has a consensus rating of “Moderate Buy” and an average target price of $128.38.

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.