The Manufacturers Life Insurance Company Acquires New Stake in Allegiant Travel Company $ALGT

The Manufacturers Life Insurance Company bought a new position in Allegiant Travel Company (NASDAQ:ALGT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,174 shares of the transportation company’s stock, valued at approximately $1,196,000.

A number of other large investors have also recently added to or reduced their stakes in ALGT. L2 Asset Management LLC bought a new position in Allegiant Travel during the 2nd quarter worth about $216,000. Sanctuary Advisors LLC bought a new stake in shares of Allegiant Travel in the second quarter valued at about $292,000. PEAK6 LLC acquired a new position in shares of Allegiant Travel during the second quarter worth about $1,413,000. Landscape Capital Management L.L.C. bought a new position in shares of Allegiant Travel during the second quarter worth about $12,207,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Allegiant Travel during the second quarter worth about $230,000. Institutional investors own 85.81% of the company’s stock.

Analyst Ratings Changes

ALGT has been the subject of a number of recent research reports. Barclays assumed coverage on Allegiant Travel in a research report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price for the company. Raymond James Financial upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $138.00 to $116.00 in a research note on Monday, August 24th. 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 report on Tuesday, July 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of “Moderate Buy” and an average price target of $128.38.

Allegiant Travel Trading Up 3.0%

NASDAQ ALGT opened at $78.16 on Friday. Allegiant Travel Company has a 12 month low of $57.11 and a 12 month high of $123.63. 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 stock has a 50 day moving average of $95.75 and a 200-day moving average of $90.27. The company has a market cap of $2.14 billion, a PE ratio of 55.43, a PEG ratio of 0.22 and a beta of 1.50.

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

Allegiant Travel 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.