Allegiant Travel (NASDAQ:ALGT) Given Average Rating of "Hold" by Analysts

Allegiant Travel (NASDAQ:ALGT - Get Free Report) has been assigned an average rating of "Hold" from the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $65.38.

A number of brokerages have issued reports on ALGT. Susquehanna raised their target price on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. 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. Barclays increased their target price on Allegiant Travel from $45.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Wolfe Research cut Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, TD Cowen upped their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, November 1st.

Allegiant Travel Stock Up 3.7 %

Shares of Allegiant Travel stock traded up $2.61 during trading on Friday, reaching $73.72. The company had a trading volume of 450,592 shares, compared to its average volume of 465,422. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -49.15, a price-to-earnings-growth ratio of 5.87 and a beta of 1.61. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $85.91. The firm's fifty day moving average is $54.50 and its 200-day moving average is $51.19. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.71 and a current ratio of 0.75.

Insider Buying and Selling

In other news, Director Gary Ellmer sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the director now directly owns 7,490 shares in the company, valued at $337,050. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Keny Frank Wilper sold 635 shares of Allegiant Travel stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the transaction, the chief operating officer now directly owns 16,353 shares of the company's stock, valued at $1,025,169.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Ellmer sold 1,000 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director now directly owns 7,490 shares of the company's stock, valued at $337,050. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,334 shares of company stock valued at $117,158 over the last 90 days. 15.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Allegiant Travel by 369.1% during the first quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company's stock worth $1,796,000 after purchasing an additional 18,785 shares during the period. Janney Montgomery Scott LLC lifted its stake in Allegiant Travel by 18.8% during the first quarter. Janney Montgomery Scott LLC now owns 7,799 shares of the transportation company's stock valued at $587,000 after buying an additional 1,235 shares in the last quarter. Empowered Funds LLC lifted its stake in Allegiant Travel by 7.8% during the first quarter. Empowered Funds LLC now owns 71,275 shares of the transportation company's stock valued at $5,361,000 after buying an additional 5,175 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Allegiant Travel in the first quarter worth approximately $141,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Allegiant Travel during the first quarter valued at approximately $1,306,000. Institutional investors and hedge funds own 85.81% of the company's stock.

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.