Legal & General Group Plc Acquires Shares of 40,759 Allegiant Travel Company $ALGT

Legal & General Group Plc bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, HoldingsChannel reports. The firm bought 40,759 shares of the transportation company’s stock, valued at approximately $4,793,000.

A number of other institutional investors have also made changes to their positions in ALGT. Global Retirement Partners LLC bought a new position in Allegiant Travel during the second quarter worth $26,000. Allworth Financial LP acquired a new stake in shares of Allegiant Travel during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allegiant Travel in the 2nd quarter worth about $42,000. Parallel Advisors LLC lifted 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 during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at about $69,000. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $75.86 on Friday. The company has a 50-day moving average price of $96.51 and a two-hundred day moving average price of $90.36. Allegiant Travel Company has a 52 week low of $57.11 and a 52 week high of $123.63. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 53.80, a price-to-earnings-growth ratio of 0.21 and a beta of 1.50. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last released 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. The company had revenue of $943.49 million for the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The business’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Analysts forecast that Allegiant Travel Company will post 6.83 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. Susquehanna lowered their target price on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a report on Friday, August 7th. 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 on the stock. Bank of America raised their price target on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group boosted their price objective on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. 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. Based on data from MarketBeat, Allegiant Travel currently has an average rating of “Moderate Buy” and a consensus price target 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.