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.
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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