Allegiant Travel (NASDAQ:ALGT) Short Interest Update

Allegiant Travel (NASDAQ:ALGT - Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 987,300 shares, a decline of 9.4% from the December 15th total of 1,090,000 shares. Currently, 6.9% of the shares of the company are sold short. Based on an average daily volume of 380,100 shares, the days-to-cover ratio is presently 2.6 days.

Analysts Set New Price Targets

A number of equities analysts have commented on ALGT shares. Wolfe Research lowered shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. UBS Group started coverage on Allegiant Travel in a research report on Tuesday, November 26th. They set a "neutral" rating and a $16.00 price target on the stock. TD Cowen boosted their price objective on Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Raymond James raised their target price on Allegiant Travel from $75.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, December 30th. Finally, Morgan Stanley lifted their price target on Allegiant Travel from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Allegiant Travel has an average rating of "Hold" and a consensus target price of $79.60.

Insider Transactions at Allegiant Travel

In other news, Director Sandra Douglass Morgan sold 350 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were 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 directly owns 11,650 shares of the company's stock, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,304 shares of company stock worth $2,459,900. 15.80% of the stock is currently owned by company insiders.

Institutional Trading of Allegiant Travel

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its position 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 during 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 worth $29,000 after buying an additional 304 shares during the period. GAMMA Investing LLC grew its position in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock worth $64,000 after buying an additional 236 shares during the period. NBC Securities Inc. increased its stake in shares of Allegiant Travel by 2,827.9% in the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company's stock valued at $69,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 85.81% of the company's stock.

Allegiant Travel Trading Up 0.6 %

Shares of NASDAQ ALGT traded up $0.65 during mid-day trading on Friday, hitting $102.99. The company's stock had a trading volume of 208,810 shares, compared to its average volume of 290,405. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -68.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.62. The company's fifty day simple moving average is $85.83 and its 200-day simple moving average is $62.45. Allegiant Travel has a one year low of $36.08 and a one year high of $105.15.

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.