Corient Private Wealth LP Acquires Shares of 30,571 Allegiant Travel Company $ALGT

Key Points

• Corient Private Wealth LP acquired 30,571 Allegiant Travel shares worth approximately $3.6 million, giving it a 0.11% stake. Institutional investors collectively own 85.81% of the company.
• Allegiant reported quarterly EPS of $2.19, beating estimates of $1.27, while revenue rose 36.8% year over year to $943.5 million but fell short of expectations.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $125.77 versus the stock’s reported price of $78.16.

Corient Private Wealth LP acquired a new stake in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,571 shares of the transportation company's stock, valued at approximately $3,595,000. Corient Private Wealth LP owned about 0.11% of Allegiant Travel at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALGT. Silver Oak Securities Incorporated boosted its holdings in Allegiant Travel by 1.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company's stock worth $855,000 after acquiring an additional 125 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Allworth Financial LP purchased a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allegiant Travel during the 2nd quarter worth approximately $42,000. Finally, Parallel Advisors LLC lifted its position in shares of Allegiant Travel by 339.6% during 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. Institutional investors and hedge funds own 85.81% of the company's stock.

Allegiant Travel Price Performance

ALGT opened at $78.16 on Monday. The firm has a 50-day moving average price of $88.32 and a 200-day moving average price of $88.19. Allegiant Travel Company has a twelve month low of $57.11 and a twelve month high of $123.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 0.22 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping 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 company had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. During the same period last year, the firm earned $1.23 EPS. Allegiant Travel's revenue for the quarter was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Equities analysts expect that Allegiant Travel Company will post 6.83 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Melius Research upgraded shares of Allegiant Travel from a "hold" rating to a "buy" rating and set a $160.00 price target for the company in a research report on Tuesday, July 7th. Susquehanna dropped their target price on shares of Allegiant Travel from $132.00 to $110.00 and set a "neutral" rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group raised their price target 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. UBS Group raised shares of Allegiant Travel from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $111.00 to $107.00 in a report on Sunday, September 13th. Finally, Morgan Stanley upped their price objective on Allegiant Travel from $100.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Allegiant Travel presently has an average rating of "Moderate Buy" and an average price target of $125.77.

Allegiant Travel Profile

Allegiant Travel Company is a leisure-focused travel and aviation company headquartered in Las Vegas, Nevada. Its principal subsidiary, Allegiant Air, operates scheduled and charter passenger flights, primarily connecting smaller regional airports with popular vacation destinations in the United States.

Allegiant Air's business model emphasizes low base fares and a range of optional services, including baggage, seat selection, priority boarding and other travel-related products. The airline primarily serves leisure travelers and operates routes to destinations such as Florida, Las Vegas, Arizona and other vacation markets, with service designed around demand for leisure travel rather than extensive daily connectivity between major business centers.

Allegiant Travel was established in 1997, and Allegiant Air began scheduled passenger operations in 1999.

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