Corient Private Wealth LP Buys New Shares in Allegiant Travel Company $ALGT

Corient Private Wealth LP bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,584 shares of the transportation company’s stock, valued at approximately $3,597,000.

Several other large investors also recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Allworth Financial LP acquired a new position in shares of Allegiant Travel during the second quarter worth about $26,000. Parallel Advisors LLC increased its stake in shares of Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after buying an additional 377 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allegiant Travel during the second quarter worth approximately $42,000. Finally, NewEdge Advisors LLC raised its holdings in Allegiant Travel by 43.7% in the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Down 4.8%

Shares of Allegiant Travel stock opened at $72.41 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $97.84 and a 200-day simple moving average of $90.85. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 51.35, a PEG ratio of 0.22 and a beta of 1.50. Allegiant Travel Company has a 12-month low of $57.11 and a 12-month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm had revenue of $943.49 million during the quarter, compared to analysts’ expectations of $982.70 million. During the same period in the previous year, the company earned $1.23 earnings per share. Allegiant Travel’s quarterly revenue was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, equities analysts forecast that Allegiant Travel Company will post 6.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ALGT shares. Morgan Stanley lifted their price target 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. Raymond James Financial raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $138.00 to $116.00 in a research report on Monday, August 24th. Bank of America raised their price objective 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. Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.38.

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.