WINTON GROUP Ltd Sells 16,600 Shares of Allegiant Travel Company $ALGT

Key Points

• WINTON GROUP Ltd cut its Allegiant Travel stake by 77.6% in the second quarter, selling 16,600 shares and retaining 4,800 shares worth approximately $564,000.
• Institutional ownership remains high at 85.81%, while several investment firms initiated new positions. Analysts collectively rate ALGT “Moderate Buy,” with a consensus price target of $125.77.
• 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.

WINTON GROUP Ltd lessened its holdings in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 77.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,800 shares of the transportation company's stock after selling 16,600 shares during the period. WINTON GROUP Ltd's holdings in Allegiant Travel were worth $564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Allegiant Travel during the second quarter worth about $1,149,000. Arizona State Retirement System purchased a new position in Allegiant Travel in the 2nd quarter worth approximately $218,000. Corient Private Wealth LP purchased a new position in Allegiant Travel in the 2nd quarter worth approximately $3,595,000. Amundi bought a new position in Allegiant Travel in the 2nd quarter worth approximately $554,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Allegiant Travel in the 2nd quarter worth approximately $1,294,000. 85.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALGT shares. Zacks Research upgraded shares of Allegiant Travel from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Bank of America upped their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Susquehanna cut their target price on shares of Allegiant Travel from $132.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Morgan Stanley lifted their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Allegiant Travel has an average rating of "Moderate Buy" and a consensus target price of $125.77.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $78.16 on Wednesday. The company has a market cap 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 Company has a 1 year low of $57.11 and a 1 year high of $123.63. The stock's 50 day simple moving average is $90.28 and its two-hundred day simple moving average is $88.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $982.70 million. During the same period in the prior year, the company earned $1.23 EPS. The company's quarterly 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. As a group, equities analysts anticipate that Allegiant Travel Company will post 6.83 earnings per share for the current fiscal year.

About Allegiant Travel

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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