Allegiant Travel (NASDAQ:ALGT – Get Free Report) COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction on 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 $1,025,169.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Keny Frank Wilper also recently made the following trade(s):
- On Friday, October 4th, Keny Frank Wilper sold 296 shares of Allegiant Travel stock. The stock was sold at an average price of $55.96, for a total value of $16,564.16.
- On Monday, August 19th, Keny Frank Wilper sold 403 shares of Allegiant Travel stock. The shares were sold at an average price of $39.17, for a total value of $15,785.51.
Allegiant Travel Trading Down 2.3 %
Allegiant Travel stock traded down $1.46 during midday trading on Friday, hitting $62.28. 272,725 shares of the stock were exchanged, compared to its average volume of 361,068. The company has a fifty day simple moving average of $49.09 and a two-hundred day simple moving average of $50.98. The stock has a market capitalization of $1.14 billion, a PE ratio of 20.17, a P/E/G ratio of 3.11 and a beta of 1.65. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $85.91. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.30.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Evercore ISI increased their target price on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft cut shares of Allegiant Travel from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $53.00 in a research report on Monday, July 8th. Susquehanna increased their price target on shares of Allegiant Travel from $40.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, TD Cowen increased their price objective on Allegiant Travel from $33.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and a consensus target price of $63.13.
Get Our Latest Research Report on Allegiant Travel
Hedge Funds Weigh In On Allegiant Travel
Large investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its position in shares of Allegiant Travel by 20.2% in the third quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock valued at $54,701,000 after acquiring an additional 167,148 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 304 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Allegiant Travel in the third quarter valued at $63,540,000. Signaturefd LLC increased its holdings in Allegiant Travel by 149.2% during the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after buying an additional 273 shares during the last quarter. Finally, U S Global Investors Inc. increased its holdings in Allegiant Travel by 51.9% during the third quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock worth $40,823,000 after buying an additional 253,198 shares during the last quarter. 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.
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