Wellington Management Group LLP Makes New $26.23 Million Investment in Allegiant Travel Company $ALGT

Key Points

• Wellington Management purchased 223,059 Allegiant Travel shares worth approximately $26.23 million, giving it an estimated 0.82% stake. Institutional investors and hedge funds collectively own 85.81% of the company.
• Analyst sentiment is positive, with Allegiant holding a consensus “Moderate Buy” rating and an average price target of $128.38; recent firms issued targets ranging from $115 to $156.
• Allegiant reported quarterly EPS of $2.19, beating expectations of $1.27, while revenue rose 36.8% year over year to $943.49 million but fell short of the $982.70 million consensus estimate.

Wellington Management Group LLP bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 223,059 shares of the transportation company's stock, valued at approximately $26,232,000. Wellington Management Group LLP owned about 0.82% of Allegiant Travel at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALGT. Louisiana State Employees Retirement System purchased a new position in Allegiant Travel during the 1st quarter worth $486,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Allegiant Travel in the fourth quarter valued at about $5,031,000. BlackRock Inc. acquired a new stake in shares of Allegiant Travel during the second quarter worth about $416,591,000. U S Global Investors Inc. boosted its stake in shares of Allegiant Travel by 5.1% during the first quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company's stock worth $24,249,000 after buying an additional 14,540 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in shares of Allegiant Travel during the fourth quarter worth about $3,866,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Raymond James Financial upgraded Allegiant Travel from an "outperform" rating to a "strong-buy" rating and dropped their price target for the company from $138.00 to $116.00 in a research report on Monday, August 24th. Bank of America boosted their target price 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 increased their price target on Allegiant Travel from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, July 6th. Barclays began coverage on shares of Allegiant Travel in a research report on Wednesday, July 8th. They issued an "overweight" rating and a $145.00 price objective on the stock. Finally, Citigroup raised shares of Allegiant Travel from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $98.00 to $156.00 in a research note on Friday, June 26th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.38.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $78.16 on Friday. The stock 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. The business's 50 day moving average is $95.75 and its two-hundred day moving average is $90.27. Allegiant Travel Company has a 12-month low of $57.11 and a 12-month high of $123.63. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm had revenue of $943.49 million during the quarter, compared to analysts' expectations of $982.70 million. During the same quarter in the prior year, the business posted $1.23 earnings per share. Allegiant Travel's 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. Research analysts expect that Allegiant Travel Company will post 6.83 EPS 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.

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