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

Allegiant Travel (NASDAQ:ALGT) 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.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $657.74 million. During the same period last year, the company posted $4.35 EPS. The company’s revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Allegiant Travel will post 0.97 earnings per share for the current fiscal year.

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.