Shares of Allegiant Travel (NASDAQ:ALGT – Get Rating) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $197.11.
ALGT has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Allegiant Travel from $250.00 to $237.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Barclays dropped their price objective on shares of Allegiant Travel from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore ISI lowered their target price on shares of Allegiant Travel from $175.00 to $150.00 and set an “in-line” rating for the company in a report on Monday, June 27th. Susquehanna lowered their target price on shares of Allegiant Travel from $185.00 to $140.00 and set a “positive” rating for the company in a report on Tuesday. Finally, StockNews.com assumed coverage on shares of Allegiant Travel in a report on Thursday, March 31st. They issued a “hold” rating for the company.
Insider Buying and Selling
In related news, EVP Robert Paul Wilson III sold 900 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $150.14, for a total transaction of $135,126.00. Following the completion of the sale, the executive vice president now owns 14,963 shares in the company, valued at approximately $2,246,544.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Robert Paul Wilson III sold 900 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $150.14, for a total value of $135,126.00. Following the completion of the sale, the executive vice president now owns 14,963 shares in the company, valued at approximately $2,246,544.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Scott Wayne Deangelo sold 500 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $112.89, for a total transaction of $56,445.00. Following the completion of the sale, the chief marketing officer now owns 8,035 shares of the company’s stock, valued at approximately $907,071.15. The disclosure for this sale can be found here. 16.70% of the stock is owned by company insiders.
Institutional Trading of Allegiant Travel
Several hedge funds have recently made changes to their positions in ALGT. Mutual of America Capital Management LLC increased its holdings in shares of Allegiant Travel by 3.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 2,076 shares of the transportation company’s stock valued at $388,000 after purchasing an additional 61 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Allegiant Travel by 5.3% during the 1st quarter. Guggenheim Capital LLC now owns 1,528 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 77 shares in the last quarter. FourThought Financial LLC increased its holdings in Allegiant Travel by 12.0% during the 1st quarter. FourThought Financial LLC now owns 730 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 78 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Allegiant Travel by 2.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,980 shares of the transportation company’s stock valued at $648,000 after acquiring an additional 78 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in Allegiant Travel by 1.1% during the 4th quarter. Eaton Vance Management now owns 7,908 shares of the transportation company’s stock valued at $1,370,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.
Allegiant Travel Price Performance
Shares of ALGT opened at $115.67 on Wednesday. Allegiant Travel has a fifty-two week low of $109.82 and a fifty-two week high of $215.48. The firm’s 50 day moving average price is $130.12 and its 200 day moving average price is $153.78. The company has a market cap of $2.10 billion, a P/E ratio of 14.79 and a beta of 1.55. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 1.34.
Allegiant Travel (NASDAQ:ALGT – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.22). Allegiant Travel had a net margin of 7.11% and a return on equity of 7.66%. The firm had revenue of $500.10 million during the quarter, compared to analysts’ expectations of $495.33 million. During the same period in the prior year, the company posted ($3.58) earnings per share. The company’s revenue for the quarter was up 79.2% on a year-over-year basis. On average, research analysts forecast that Allegiant Travel will post 2.54 earnings per share for the current fiscal year.
About Allegiant Travel
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 14, 2022, it operated a fleet of 110 Airbus A320 series aircraft.
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