Corient Private Wealth LP Takes $3.60 Million Position in Allegiant Travel Company $ALGT

Key Points

• Corient Private Wealth acquired 30,584 Allegiant Travel shares worth approximately $3.60 million, while institutional investors collectively own 85.81% of the company.
• Analyst sentiment remains positive overall, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $128.38, despite some neutral and hold ratings.
• Allegiant reported quarterly EPS of $2.19, beating estimates of $1.27, while revenue rose 36.8% year over year to $943.49 million but fell short of expectations.

Corient Private Wealth LP acquired a new stake in Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,584 shares of the transportation company's stock, valued at approximately $3,597,000. Corient Private Wealth LP owned about 0.11% of Allegiant Travel as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in Allegiant Travel in the second quarter valued at $26,000. Allworth Financial LP purchased a new position in shares of Allegiant Travel during the 2nd quarter worth $26,000. Parallel Advisors LLC grew its holdings 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 purchasing an additional 377 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allegiant Travel during the 2nd quarter worth about $42,000. Finally, NewEdge Advisors LLC increased its position in shares of Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company's stock worth $67,000 after purchasing an additional 373 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ALGT shares. Melius Research raised shares of Allegiant Travel from a "hold" rating to a "buy" rating and set a $160.00 target price on the stock in a research report on Tuesday, July 7th. Barclays assumed coverage on shares of Allegiant Travel in a research report on Wednesday, July 8th. They set an "overweight" rating and a $145.00 price target for the company. Wall Street Zen downgraded shares of Allegiant Travel from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They issued an "overweight" rating and a $156.00 price objective on the stock. Finally, UBS Group lifted their target price on shares of 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 given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.38.

Allegiant Travel Stock Down 4.8%

Shares of NASDAQ:ALGT opened at $72.41 on Wednesday. The firm has a market capitalization of $1.98 billion, a PE ratio of 51.35, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50. Allegiant Travel Company has a 1 year low of $57.11 and a 1 year high of $123.63. 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 firm's 50-day moving average is $97.84 and its two-hundred day moving average is $90.85.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. The business had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The business's revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Analysts predict that Allegiant Travel Company will post 6.83 EPS for the current 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.

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