223,059 Shares in Allegiant Travel Company $ALGT Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, Holdings Channel reports. The firm acquired 223,059 shares of the transportation company’s stock, valued at approximately $26,232,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALGT. Global Retirement Partners LLC acquired a new stake in Allegiant Travel in the second quarter valued at $26,000. Allworth Financial LP acquired a new position in shares of Allegiant Travel during the 2nd quarter worth $26,000. Parallel Advisors LLC boosted its position in shares of Allegiant Travel by 339.6% in the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after buying an additional 377 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allegiant Travel in the 2nd quarter valued at about $42,000. Finally, NewEdge Advisors LLC grew its stake in Allegiant Travel by 43.7% in the 2nd 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 during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALGT has been the subject of a number of research reports. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. 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. Susquehanna cut their price objective on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Wall Street Zen lowered Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, UBS Group increased their target price on Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned 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, Allegiant Travel currently has an average rating of “Moderate Buy” and an average price target of $128.38.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $78.16 on Friday. The company has a 50-day simple moving average of $95.75 and a 200-day simple moving average of $90.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The company has a market cap of $2.14 billion, a PE ratio of 55.43, a price-to-earnings-growth 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 data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) 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 10.83%. The business had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The company’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 anticipate that Allegiant Travel Company will post 6.83 earnings per share for the current year.

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.