Y Intercept Hong Kong Ltd Invests $391,000 in Allegiant Travel Company $ALGT

Y Intercept Hong Kong Ltd acquired a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,822 shares of the transportation company’s stock, valued at approximately $391,000.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after buying an additional 7,228 shares in the last quarter. Par Capital Management Inc. raised its stake in Allegiant Travel by 11.1% in the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after buying an additional 58,566 shares during the last quarter. State Street Corp boosted its holdings in Allegiant Travel by 0.4% in the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after acquiring an additional 2,282 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after acquiring an additional 73,360 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Allegiant Travel by 14.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock worth $26,354,000 after acquiring an additional 53,800 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ALGT. JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Bank of America upped their target price on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Susquehanna lifted their price target on Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.08.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $104.29 on Wednesday. The stock has a market cap of $1.92 billion, a PE ratio of -52.14, a price-to-earnings-growth ratio of 0.29 and a beta of 1.51. The business has a 50-day simple moving average of $94.00 and a 200-day simple moving average of $91.05. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. Allegiant Travel Company has a 52-week low of $42.56 and a 52-week high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. The firm had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities analysts expect that Allegiant Travel Company will post 7.28 EPS for the current year.

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.