Strs Ohio Takes $589,000 Position in Allegiant Travel Company $ALGT

Strs Ohio bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 11,400 shares of the transportation company’s stock, valued at approximately $589,000. Strs Ohio owned 0.06% of Allegiant Travel at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its stake in shares of Allegiant Travel by 8.5% in the first quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company’s stock worth $310,000 after buying an additional 470 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Allegiant Travel by 8.2% in the 1st quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company’s stock valued at $977,000 after acquiring an additional 1,426 shares during the period. SG Americas Securities LLC acquired a new position in shares of Allegiant Travel in the first quarter valued at approximately $597,000. Illinois Municipal Retirement Fund grew its holdings in shares of Allegiant Travel by 33.8% in the first quarter. Illinois Municipal Retirement Fund now owns 9,826 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 2,480 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Allegiant Travel by 489.1% during the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock worth $28,000 after acquiring an additional 450 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ALGT. Zacks Research raised shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. UBS Group reduced their target price on shares of Allegiant Travel from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Bank of America reduced their target price on shares of Allegiant Travel from $50.00 to $45.00 and set an “underperform” rating for the company in a research note on Tuesday, July 8th. Morgan Stanley reduced their price objective on shares of Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Susquehanna reiterated a “neutral” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Allegiant Travel has an average rating of “Hold” and an average target price of $64.33.

Allegiant Travel Price Performance

Shares of Allegiant Travel stock opened at $61.00 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.83, a PEG ratio of 0.55 and a beta of 1.71. Allegiant Travel Company has a 1-year low of $39.80 and a 1-year high of $107.57. The firm has a fifty day simple moving average of $57.04 and a 200-day simple moving average of $54.15. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 1.68.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Monday, August 4th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.40. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The company had revenue of $689.40 million during the quarter, compared to analysts’ expectations of $685.58 million. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS. On average, sell-side analysts expect that Allegiant Travel Company will post 7.7 earnings per share for the current year.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.