Keny Frank Wilper Sells 278 Shares of Allegiant Travel (NASDAQ:ALGT) Stock

Allegiant Travel (NASDAQ:ALGT - Get Free Report) COO Keny Frank Wilper sold 278 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $41.41, for a total value of $11,511.98. Following the sale, the chief operating officer now owns 15,918 shares of the company's stock, valued at $659,164.38. This trade represents a 1.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Allegiant Travel Trading Up 0.3 %

Allegiant Travel stock traded up $0.13 during mid-day trading on Friday, hitting $46.51. The company's stock had a trading volume of 314,206 shares, compared to its average volume of 419,030. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57. The stock has a market cap of $852.90 million, a PE ratio of -3.48 and a beta of 1.57. The company has a 50 day moving average of $64.25 and a 200-day moving average of $74.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. On average, research analysts anticipate that Allegiant Travel will post 7.7 EPS for the current year.

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Wall Street Analysts Forecast Growth

ALGT has been the topic of several analyst reports. UBS Group cut their price target on shares of Allegiant Travel from $61.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Barclays reduced their target price on Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. TD Cowen lifted their price target on Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective on Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Finally, Bank of America decreased their target price on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Allegiant Travel has an average rating of "Hold" and a consensus target price of $67.00.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Allegiant Travel by 1,614.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company's stock valued at $849,000 after purchasing an additional 8,491 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Allegiant Travel by 41.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company's stock valued at $14,176,000 after buying an additional 75,486 shares during the last quarter. State Street Corp boosted its holdings in Allegiant Travel by 1.7% in the third quarter. State Street Corp now owns 608,977 shares of the transportation company's stock worth $33,530,000 after acquiring an additional 10,050 shares in the last quarter. US Bancorp DE grew its stake in shares of Allegiant Travel by 575.4% during the fourth quarter. US Bancorp DE now owns 5,025 shares of the transportation company's stock worth $473,000 after acquiring an additional 4,281 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Allegiant Travel during the fourth quarter valued at about $383,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

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.