State of Wyoming Invests $854,000 in Allegiant Travel Company $ALGT

State of Wyoming purchased a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, Holdings Channel reports. The fund purchased 7,258 shares of the transportation company’s stock, valued at approximately $854,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC boosted its holdings in Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after purchasing an additional 377 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allegiant Travel during the second quarter valued at about $42,000. NewEdge Advisors LLC raised its holdings 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 in the last quarter. iSAM Funds UK Ltd bought a new position in Allegiant Travel during the third quarter valued at about $69,000. Finally, MidFirst Bank acquired a new stake in shares of Allegiant Travel in the fourth quarter worth about $114,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Down 0.8%

ALGT stock opened at $85.75 on Friday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 60.82, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The company has a 50-day moving average of $101.13 and a two-hundred day moving average of $92.43. Allegiant Travel Company has a 52-week low of $53.70 and a 52-week high of $123.63. 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 (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $982.70 million. During the same period in the previous year, the company posted $1.23 earnings per share. The firm’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, equities research analysts anticipate that Allegiant Travel Company will post 7.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALGT. JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a research note on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price target for the company. Susquehanna cut their price objective on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Melius Research upgraded Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Tuesday, July 7th. The Goldman Sachs Group upped their target price on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, UBS Group increased their price target on Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.00.

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.