Allegiant Travel (NASDAQ:ALGT - Get Free Report) had its price objective boosted by research analysts at Susquehanna from $60.00 to $105.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 5.93% from the stock's previous close.
A number of other brokerages have also recently issued reports on ALGT. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $83.00 price objective on shares of Allegiant Travel in a report on Friday, November 15th. StockNews.com upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group assumed coverage on Allegiant Travel in a research report on Tuesday, November 26th. They set a "neutral" rating and a $16.00 price target for the company. Morgan Stanley increased their price objective on Allegiant Travel from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. Finally, Barclays lifted their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Allegiant Travel currently has a consensus rating of "Hold" and an average target price of $74.11.
View Our Latest Analysis on Allegiant Travel
Allegiant Travel Price Performance
Shares of Allegiant Travel stock traded up $1.00 on Tuesday, hitting $99.12. The company had a trading volume of 279,972 shares, compared to its average volume of 308,618. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $101.00. The business has a 50-day simple moving average of $80.38 and a 200-day simple moving average of $59.84. The company has a market cap of $1.82 billion, a PE ratio of -66.08, a PEG ratio of 7.17 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.
Insider Buying and Selling
In related news, COO Keny Frank Wilper sold 635 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the transaction, the chief operating officer now directly owns 16,353 shares of the company's stock, valued at approximately $1,025,169.57. This represents a 3.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the company's stock in a transaction dated 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 sale, the chairman now directly owns 2,147,730 shares of the company's stock, valued at $181,397,275.80. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,304 shares of company stock worth $2,459,900. Corporate insiders own 15.80% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its position in Allegiant Travel by 149.2% during 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 period. Nisa Investment Advisors LLC lifted its stake in Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company's stock worth $29,000 after purchasing an additional 304 shares in the last quarter. GAMMA Investing LLC boosted its stake in Allegiant Travel by 53.5% during the fourth 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 last quarter. NBC Securities Inc. boosted its holdings in 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 purchasing an additional 1,216 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in Allegiant Travel by 170.6% during the second quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company's stock worth $127,000 after acquiring an additional 1,590 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.
Allegiant Travel Company Profile
(
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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.
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