Allegiant Travel (NASDAQ:ALGT – Get Free Report) COO Keny Frank Wilper sold 296 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $55.96, for a total value of $16,564.16. Following the completion of the transaction, the chief operating officer now directly owns 17,398 shares in the company, valued at approximately $973,592.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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 stock was sold at an average price of $39.17, for a total value of $15,785.51.
Allegiant Travel Price Performance
Shares of Allegiant Travel stock traded up $2.81 on Friday, hitting $57.81. 436,927 shares of the company were exchanged, compared to its average volume of 358,010. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 6.10 and a beta of 1.65. 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 1-year low of $36.08 and a 1-year high of $85.91. The company has a 50-day moving average price of $44.27 and a 200 day moving average price of $52.04.
Institutional Investors Weigh In On Allegiant Travel
Institutional investors have recently modified their holdings of the business. Donald Smith & CO. Inc. increased 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 buying an additional 516,545 shares during the period. Clearbridge Investments LLC bought a new position in Allegiant Travel during the 2nd quarter worth approximately $8,959,000. Millennium Management LLC boosted its stake in Allegiant Travel by 779.8% during the 2nd quarter. Millennium Management LLC now owns 169,459 shares of the transportation company’s stock worth $8,512,000 after acquiring an additional 150,197 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Allegiant Travel in the second quarter worth $4,263,000. Finally, Interval Partners LP bought a new stake in shares of Allegiant Travel in the first quarter worth $5,641,000. Institutional investors own 85.81% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on ALGT shares. Deutsche Bank Aktiengesellschaft cut Allegiant Travel from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $53.00 in a report on Monday, July 8th. Morgan Stanley lowered their target price on Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Susquehanna reduced their price objective on Allegiant Travel from $55.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Evercore ISI increased their price objective on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday. Finally, TD Cowen raised their price target on Allegiant Travel from $33.00 to $42.00 and gave the stock a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.25.
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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.
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