Legal & General Group Plc Takes Position in Allegiant Travel Company $ALGT

Key Points

• Legal & General Group Plc acquired 40,759 Allegiant Travel shares worth approximately $4.8 million in the second quarter, joining other institutional investors. Institutions and hedge funds collectively own 85.81% of ALGT.
• Analyst sentiment is generally positive, with Allegiant Travel holding a consensus “Moderate Buy” rating and an average price target of $128.38. Price targets range from $110 to $160.
• 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. The stock opened at $75.86, below its 52-week high of $123.63.

Legal & General Group Plc acquired a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,759 shares of the transportation company's stock, valued at approximately $4,793,000. Legal & General Group Plc owned about 0.15% of Allegiant Travel as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALGT. Global Retirement Partners LLC acquired a new stake in Allegiant Travel during the second quarter worth about $26,000. Allworth Financial LP purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth about $42,000. Parallel Advisors LLC increased its position in 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 in the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in Allegiant Travel in the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 85.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ALGT. 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. Weiss Ratings upgraded shares of Allegiant Travel from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Bank of America increased their price target on Allegiant Travel from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Morgan Stanley raised their price objective on Allegiant Travel from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Finally, Susquehanna lowered their target price on Allegiant Travel from $132.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allegiant Travel currently has a consensus rating of "Moderate Buy" and an average price target of $128.38.

Allegiant Travel Price Performance

ALGT stock opened at $75.86 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. Allegiant Travel Company has a 52-week low of $57.11 and a 52-week high of $123.63. The stock's 50 day moving average is $96.51 and its two-hundred day moving average is $90.36. The company has a market capitalization of $2.07 billion, a PE ratio of 53.80, a P/E/G ratio of 0.21 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its earnings results 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 company had revenue of $943.49 million during 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 was up 36.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Analysts predict that Allegiant Travel Company will post 6.83 earnings per share for the current fiscal year.

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.

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