Lazard Asset Management LLC Takes $615,000 Position in Allegiant Travel Company $ALGT

Lazard Asset Management LLC acquired a new position in Allegiant Travel Company (NASDAQ:ALGT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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. Parallel Advisors LLC lifted its position in Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 377 shares during the period. Signaturefd LLC raised its stake in shares of Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after buying an additional 117 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Allegiant Travel by 43.7% during the 2nd 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 during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at about $69,000. Finally, MidFirst Bank acquired a new position in shares of Allegiant Travel in the 4th quarter valued at about $114,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALGT. JPMorgan Chase & Co. initiated coverage on 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 raised Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. UBS Group upped their price objective on Allegiant Travel from $103.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Finally, Bank of America lifted their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Allegiant Travel currently has a consensus rating of “Moderate Buy” and an average target price of $128.69.

Allegiant Travel Trading Down 6.6%

Shares of ALGT stock opened at $97.17 on Friday. Allegiant Travel Company has a 1-year low of $47.83 and a 1-year high of $123.63. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 68.92, a PEG ratio of 0.34 and a beta of 1.53. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $100.93 and a 200-day simple moving average of $92.51.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. The firm had revenue of $943.50 million for the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 12.76%. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, equities research analysts expect that Allegiant Travel Company will post 6 EPS for the current fiscal 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.