Allegiant Travel (NASDAQ:ALGT) COO Sells $39,808.15 in Stock

Allegiant Travel (NASDAQ:ALGT) 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.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.93. The business had revenue of $666.28 million during the quarter, compared to analyst estimates of $657.74 million. Allegiant Travel had a positive return on equity of 3.48% and a negative net margin of 0.57%. Allegiant Travel’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.35 EPS. Equities research analysts anticipate that Allegiant Travel will post 1.47 EPS for the current fiscal year.

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.

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.