Allegiant Travel (NASDAQ:ALGT) Receives Consensus Rating of "Hold" from Brokerages

Shares of Allegiant Travel (NASDAQ:ALGT - Get Free Report) have earned a consensus rating of "Hold" from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $80.10.

Several equities research analysts have issued reports on ALGT shares. Susquehanna lifted their price target on Allegiant Travel from $60.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Wolfe Research downgraded Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. UBS Group began coverage on shares of Allegiant Travel in a research report on Tuesday, November 26th. They set a "neutral" rating and a $16.00 price target on the stock. Barclays boosted their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, TD Cowen increased their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a "hold" rating in a report on Tuesday, December 17th.

Insider Buying and Selling at Allegiant Travel

In related news, Director Sandra Douglass Morgan sold 350 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares of the company's stock, valued at $940,970.50. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction on Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the sale, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Allegiant Travel during the fourth quarter valued at approximately $26,067,000. U S Global Investors Inc. boosted its holdings in shares of Allegiant Travel by 51.9% during the 3rd quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company's stock valued at $40,823,000 after buying an additional 253,198 shares in the last quarter. Emerald Advisers LLC bought a new position in shares of Allegiant Travel in the 4th quarter worth about $22,256,000. Voloridge Investment Management LLC purchased a new position in Allegiant Travel during the 4th quarter valued at about $16,713,000. Finally, Donald Smith & CO. Inc. boosted its stake in Allegiant Travel by 20.2% during the third quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company's stock worth $54,701,000 after acquiring an additional 167,148 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company's stock.

Allegiant Travel Price Performance

Shares of ALGT traded up $0.45 during trading hours on Monday, reaching $86.17. 328,866 shares of the company's stock traded hands, compared to its average volume of 355,404. The firm's 50 day simple moving average is $93.59 and its 200-day simple moving average is $70.14. The stock has a market cap of $1.58 billion, a PE ratio of -6.44 and a beta of 1.63. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12 month low of $36.08 and a 12 month high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping analysts' consensus estimates 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%. Equities analysts expect that Allegiant Travel will post 7.55 EPS for the current year.

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.