FY2027 Earnings Forecast for ALGT Issued By Seaport Res Ptn

Allegiant Travel (NASDAQ:ALGT) – Analysts at Seaport Res Ptn reduced their FY2027 earnings per share (EPS) estimates for shares of Allegiant Travel in a report released on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the transportation company will post earnings per share of $12.00 for the year, down from their previous forecast of $12.50. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share.

A number of other research analysts have also recently commented on ALGT. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a research note on Friday, November 15th. UBS Group assumed coverage on shares of Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 target price on the stock. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Thursday. Evercore ISI boosted their price objective on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, TD Cowen increased their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Allegiant Travel Trading Up 2.9 %

Shares of Allegiant Travel stock opened at $84.47 on Friday. The company has a 50 day simple moving average of $73.31 and a two-hundred day simple moving average of $56.55. The firm has a market cap of $1.55 billion, a PE ratio of -56.31, a PEG ratio of 7.17 and a beta of 1.67. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $94.45. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Allegiant Travel by 149.2% in the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 304 shares during the period. Innealta Capital LLC bought a new position in Allegiant Travel in the 2nd quarter worth $34,000. NBC Securities Inc. lifted its position in shares of Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after buying an additional 1,216 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in Allegiant Travel by 170.6% during the 2nd quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,590 shares during the period. Institutional investors own 85.81% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the transaction, the chairman now owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares in the company, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,600 shares of company stock valued at $2,476,465 over the last three months. Corporate insiders own 15.80% of the company’s stock.

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.