Principal Financial Group Inc. Acquires 97,010 Shares of Allegiant Travel Company $ALGT

Principal Financial Group Inc. grew its holdings in Allegiant Travel Company (NASDAQ:ALGT) by 151.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,227 shares of the transportation company’s stock after buying an additional 97,010 shares during the period. Principal Financial Group Inc.’s holdings in Allegiant Travel were worth $13,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Allegiant Travel by 9,819.3% during the 1st quarter. Fifth Third Bancorp now owns 35,015 shares of the transportation company’s stock valued at $2,838,000 after buying an additional 34,662 shares in the last quarter. U S Global Investors Inc. grew its position in Allegiant Travel by 5.1% in the first quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock worth $24,249,000 after acquiring an additional 14,540 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in Allegiant Travel in the first quarter worth about $379,000. Y Intercept Hong Kong Ltd bought a new stake in Allegiant Travel during the first quarter worth approximately $391,000. Finally, Strs Ohio increased its stake in Allegiant Travel by 4.7% during the first quarter. Strs Ohio now owns 9,000 shares of the transportation company’s stock worth $729,000 after acquiring an additional 400 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Stock Performance

Shares of NASDAQ:ALGT opened at $98.08 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. Allegiant Travel Company has a 12 month low of $42.56 and a 12 month high of $123.63. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -49.04, a PEG ratio of 0.25 and a beta of 1.51. The firm’s 50-day moving average is $97.51 and its 200 day moving average is $91.88.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The business had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. During the same quarter last year, the firm earned $2.11 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Research analysts predict that Allegiant Travel Company will post 7.49 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALGT. Susquehanna upped their price objective on Allegiant Travel from $85.00 to $132.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Morgan Stanley lifted their target price on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Barclays began coverage on Allegiant Travel in a research report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 target price on the stock. UBS Group upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

Allegiant Travel Company 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.