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

WINTON GROUP Ltd lowered its stake in Allegiant Travel Company (NASDAQ:ALGT) by 77.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in shares of Allegiant Travel in the 1st quarter valued at approximately $486,000. Landscape Capital Management L.L.C. bought a new position in shares of Allegiant Travel during the 4th quarter valued at approximately $5,031,000. BlackRock Inc. bought a new position in shares of Allegiant Travel during the 2nd quarter valued at approximately $416,591,000. U S Global Investors Inc. increased its position in shares of Allegiant Travel by 5.1% during the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock valued at $24,249,000 after purchasing an additional 14,540 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Allegiant Travel by 151.1% during the 1st quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock valued at $13,066,000 after buying an additional 97,010 shares during the period. 85.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James Financial upgraded Allegiant Travel from an “outperform” rating to a “strong-buy” rating and lowered their price target for the stock from $138.00 to $116.00 in a research report on Monday, August 24th. UBS Group upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and cut their price objective for the company from $111.00 to $107.00 in a research report on Sunday. The Goldman Sachs Group raised their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Susquehanna dropped their price target 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. Finally, Morgan Stanley lifted their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Allegiant Travel has a consensus rating of “Moderate Buy” and an average price target of $125.77.

Allegiant Travel Stock Performance

Shares of Allegiant Travel stock opened at $78.16 on Wednesday. The stock’s fifty day moving average is $90.28 and its two-hundred day moving average is $88.69. 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 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.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping 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 business had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. During the same quarter last year, the firm posted $1.23 earnings per share. The business’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. As a group, analysts expect that Allegiant Travel Company will post 6.83 earnings per share for the current year.

Allegiant Travel Profile

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.