The Manufacturers Life Insurance Company Takes $1.20 Million Position in Allegiant Travel Company $ALGT

The Manufacturers Life Insurance Company bought a new position in shares of Allegiant Travel Company (NASDAQ:ALGT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,174 shares of the transportation company’s stock, valued at approximately $1,196,000.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Allegiant Travel in the 2nd quarter valued at $416,591,000. Donald Smith & CO. Inc. bought a new position in Allegiant Travel during the second quarter worth $175,636,000. Dimensional Fund Advisors LP boosted its position in Allegiant Travel by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after purchasing an additional 7,228 shares during the period. Par Capital Management Inc. increased its holdings in shares of Allegiant Travel by 11.1% in the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after purchasing an additional 58,566 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Allegiant Travel by 0.4% in the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after purchasing an additional 2,282 shares during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Trading Up 3.0%

ALGT stock opened at $78.16 on Friday. Allegiant Travel Company has a 52 week low of $57.11 and a 52 week high of $123.63. The company has a market capitalization of $2.14 billion, a PE ratio of 55.43, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50. The company’s 50-day simple moving average is $95.75 and its 200 day simple moving average is $90.27. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. The business had revenue of $943.49 million during the quarter, compared to analysts’ expectations 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 was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, sell-side analysts anticipate that Allegiant Travel Company will post 6.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALGT shares. Raymond James Financial upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $138.00 to $116.00 in a research note on Monday, August 24th. Bank of America increased their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Susquehanna cut their price objective on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective for the company. Finally, Barclays initiated coverage on Allegiant Travel in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 target price on the stock. 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 issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.38.

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.