Lazard Asset Management LLC Buys Shares of 7,585 Allegiant Travel Company $ALGT

Lazard Asset Management LLC bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,585 shares of the transportation company’s stock, valued at approximately $615,000.

Other institutional investors have also recently made changes to their positions in the company. Entropy Technologies LP purchased a new stake in shares of Allegiant Travel during the first quarter worth approximately $461,000. Renaissance Technologies LLC lifted its holdings in Allegiant Travel by 40.9% in the 1st quarter. Renaissance Technologies LLC now owns 91,000 shares of the transportation company’s stock valued at $7,375,000 after purchasing an additional 26,400 shares in the last quarter. Sei Investments Co. boosted its stake in Allegiant Travel by 9.2% during the 1st quarter. Sei Investments Co. now owns 12,852 shares of the transportation company’s stock worth $1,041,000 after purchasing an additional 1,078 shares during the last quarter. Parallel Advisors LLC boosted its stake in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after purchasing an additional 377 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Allegiant Travel by 27.1% during the first quarter. Illinois Municipal Retirement Fund now owns 8,584 shares of the transportation company’s stock worth $696,000 after buying an additional 1,830 shares in the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Price Performance

Allegiant Travel stock opened at $97.17 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. The company has a 50-day moving average price of $100.93 and a 200 day moving average price of $92.51. Allegiant Travel Company has a 12-month low of $47.83 and a 12-month high of $123.63. The stock has a market cap of $1.79 billion, a P/E ratio of 68.92, a PEG ratio of 0.34 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 12.76%. The company had revenue of $943.50 million for the quarter, compared to analyst estimates of $982.70 million. During the same period in the previous year, the business posted $1.23 EPS. Allegiant Travel’s revenue was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Sell-side analysts anticipate that Allegiant Travel Company will post 6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Tuesday, July 7th. UBS Group increased their price objective on shares of Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a research note on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price on the stock. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Bank of America boosted their target price on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.69.

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.