180 Wealth Advisors LLC Purchases 392 Shares of Allegiant Travel (NASDAQ:ALGT)

180 Wealth Advisors LLC lifted its position in shares of Allegiant Travel (NASDAQ:ALGT) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,291 shares of the transportation company’s stock after buying an additional 392 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Allegiant Travel were worth $548,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Allegiant Travel in the 4th quarter worth about $28,000. Tradewinds Capital Management LLC bought a new position in shares of Allegiant Travel during the 4th quarter worth about $83,000. Commerce Bank acquired a new stake in shares of Allegiant Travel in the 4th quarter valued at about $201,000. Everence Capital Management Inc. acquired a new position in Allegiant Travel during the 4th quarter worth approximately $208,000. Finally, Aigen Investment Management LP bought a new position in Allegiant Travel in the fourth quarter worth approximately $213,000. Institutional investors own 85.81% of the company’s stock.

Insider Buying and Selling at Allegiant Travel

In related news, CMO Scott Wayne Deangelo sold 19,687 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.68, for a total value of $1,056,798.16. Following the transaction, the chief marketing officer now directly owns 64,812 shares of the company’s stock, valued at approximately $3,479,108.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CMO Scott Wayne Deangelo sold 19,687 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $53.68, for a total transaction of $1,056,798.16. Following the completion of the sale, the chief marketing officer now owns 64,812 shares in the company, valued at approximately $3,479,108.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert Paul Wilson III sold 750 shares of Allegiant Travel stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total transaction of $39,750.00. Following the completion of the sale, the executive vice president now directly owns 74,948 shares in the company, valued at approximately $3,972,244. The disclosure for this sale can be found here. Insiders sold 26,037 shares of company stock worth $1,395,948 in the last quarter. 17.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. TD Cowen reduced their price objective on shares of Allegiant Travel from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, May 15th. Susquehanna lowered their target price on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, UBS Group assumed coverage on Allegiant Travel in a research note on Wednesday, March 20th. They set a “sell” rating and a $58.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Allegiant Travel presently has a consensus rating of “Hold” and an average price target of $77.57.

Allegiant Travel Stock Down 0.3 %

Shares of ALGT stock traded down $0.14 on Friday, hitting $50.17. The stock had a trading volume of 48,930 shares, compared to its average volume of 308,963. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.76 and a quick ratio of 0.74. The business has a 50 day moving average of $53.62 and a 200 day moving average of $67.67. Allegiant Travel has a 12-month low of $46.90 and a 12-month high of $130.93. The stock has a market cap of $914.70 million, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.65.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Allegiant Travel had a net margin of 2.26% and a return on equity of 0.50%. The firm had revenue of $656.70 million during the quarter, compared to analyst estimates of $645.23 million. During the same quarter last year, the business posted $3.04 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts expect that Allegiant Travel will post 3.62 EPS for the current year.

Allegiant Travel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.40 annualized dividend and a yield of 4.78%. Allegiant Travel’s dividend payout ratio is currently 75.95%.

About Allegiant Travel

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.