Maurice J. Gallagher, Jr. Sells 9,737 Shares of Allegiant Travel (ALGT) Stock

Allegiant Travel (NASDAQ:ALGT) CEO Maurice J. Gallagher, Jr. sold 9,737 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $128.05, for a total transaction of $1,246,822.85. Following the transaction, the chief executive officer now owns 2,987,079 shares in the company, valued at approximately $382,495,465.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ALGT opened at $126.82 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 1.01. Allegiant Travel has a fifty-two week low of $98.18 and a fifty-two week high of $181.45. The stock has a market capitalization of $2.28 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.45 and a beta of 0.91.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Wednesday, January 30th. The transportation company reported $2.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.47 by $0.09. Allegiant Travel had a net margin of 9.70% and a return on equity of 25.58%. The company had revenue of $412.11 million for the quarter, compared to analyst estimates of $410.69 million. During the same quarter in the prior year, the business posted $5.18 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that Allegiant Travel will post 13.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Friday, March 1st will be issued a $0.70 dividend. The ex-dividend date is Thursday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.21%. Allegiant Travel’s dividend payout ratio is presently 28.00%.

Several brokerages have recently weighed in on ALGT. BidaskClub lowered shares of Allegiant Travel from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Evercore ISI upgraded shares of Allegiant Travel from an “in-line” rating to an “outperform” rating and set a $180.00 price objective on the stock in a report on Thursday, December 6th. Imperial Capital reiterated an “in-line” rating and set a $152.00 price objective (up previously from $124.00) on shares of Allegiant Travel in a report on Tuesday, December 4th. TheStreet upgraded shares of Allegiant Travel from a “c+” rating to a “b-” rating in a report on Friday, February 8th. Finally, Macquarie set a $129.00 price objective on shares of Allegiant Travel and gave the company a “hold” rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $150.62.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its holdings in shares of Allegiant Travel by 0.6% in the 4th quarter. Comerica Bank now owns 12,441 shares of the transportation company’s stock worth $1,555,000 after acquiring an additional 76 shares during the last quarter. Piedmont Investment Advisors Inc. increased its stake in Allegiant Travel by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 3,040 shares of the transportation company’s stock valued at $305,000 after buying an additional 97 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Allegiant Travel by 1.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,610 shares of the transportation company’s stock valued at $662,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Allegiant Travel by 3.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,275 shares of the transportation company’s stock valued at $428,000 after buying an additional 129 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its stake in Allegiant Travel by 29.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 566 shares of the transportation company’s stock valued at $57,000 after buying an additional 130 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

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Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.

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