Allegiant Travel (NASDAQ:ALGT) COO Sells $16,564.16 in Stock

Allegiant Travel (NASDAQ:ALGT) COO Keny Frank Wilper sold 296 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $55.96, for a total transaction of $16,564.16. Following the sale, the chief operating officer now owns 17,398 shares of the company’s stock, valued at approximately $973,592.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Keny Frank Wilper also recently made the following trade(s):

• On Monday, August 19th, Keny Frank Wilper sold 403 shares of Allegiant Travel stock. The shares were sold at an average price of $39.17, for a total transaction of $15,785.51.

Allegiant Travel Trading Up 5.1 %

ALGT opened at $57.81 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.30. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $85.91. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 6.10 and a beta of 1.65. The company has a 50-day simple moving average of $44.37 and a 200 day simple moving average of $51.73.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.93. Allegiant Travel had a negative net margin of 0.57% and a positive return on equity of 3.48%. The business had revenue of $666.28 million for the quarter, compared to analyst estimates of $657.74 million. During the same quarter last year, the business posted $4.35 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts predict that Allegiant Travel will post 0.97 EPS for the current fiscal year.

Analyst Ratings Changes

ALGT has been the topic of several research reports. Susquehanna decreased their target price on Allegiant Travel from $55.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Barclays decreased their price objective on Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Morgan Stanley dropped their target price on Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and decreased their price target for the company from $75.00 to $53.00 in a research note on Monday, July 8th. Finally, Evercore ISI lifted their price objective on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.25.

Hedge Funds Weigh In On Allegiant Travel

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Allegiant Travel by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,749,649 shares of the transportation company’s stock valued at $131,591,000 after acquiring an additional 38,612 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Allegiant Travel by 1.9% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 945,839 shares of the transportation company’s stock worth $47,509,000 after purchasing an additional 17,792 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Allegiant Travel by 166.7% in the 2nd quarter. Donald Smith & CO. Inc. now owns 826,326 shares of the transportation company’s stock valued at $41,506,000 after purchasing an additional 516,545 shares during the last quarter. American Century Companies Inc. lifted its stake in Allegiant Travel by 15.1% in the 2nd quarter. American Century Companies Inc. now owns 428,787 shares of the transportation company’s stock valued at $21,538,000 after purchasing an additional 56,208 shares during the last quarter. Finally, Par Capital Management Inc. boosted its position in Allegiant Travel by 1.4% in the fourth quarter. Par Capital Management Inc. now owns 253,500 shares of the transportation company’s stock valued at $20,942,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Company Profile

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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.