Allegiant Travel (NASDAQ:ALGT – Get Free Report) COO Keny Frank Wilper sold 296 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $55.96, for a total transaction of $16,564.16. Following the sale, the chief operating officer now owns 17,398 shares of the company’s stock, valued at approximately $973,592.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Keny Frank Wilper also recently made the following trade(s):
- 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 transaction of $15,785.51.
Allegiant Travel Trading Up 5.1 %
ALGT opened at $57.81 on Monday. 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 has a twelve month low of $36.08 and a twelve month high of $85.91. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 6.10 and a beta of 1.65. The company has a 50-day simple moving average of $44.37 and a 200 day simple moving average of $51.73.
Analyst Ratings Changes
ALGT has been the topic of several research reports. Susquehanna decreased their target price on Allegiant Travel from $55.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Barclays decreased their price objective on Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Morgan Stanley dropped their target price on Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and decreased their price target for the company from $75.00 to $53.00 in a research note on Monday, July 8th. Finally, Evercore ISI lifted their price objective on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.25.
View Our Latest Report on Allegiant Travel
Hedge Funds Weigh In On Allegiant Travel
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Allegiant Travel by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,749,649 shares of the transportation company’s stock valued at $131,591,000 after acquiring an additional 38,612 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Allegiant Travel by 1.9% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 945,839 shares of the transportation company’s stock worth $47,509,000 after purchasing an additional 17,792 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Allegiant Travel by 166.7% in the 2nd quarter. Donald Smith & CO. Inc. now owns 826,326 shares of the transportation company’s stock valued at $41,506,000 after purchasing an additional 516,545 shares during the last quarter. American Century Companies Inc. lifted its stake in Allegiant Travel by 15.1% in the 2nd quarter. American Century Companies Inc. now owns 428,787 shares of the transportation company’s stock valued at $21,538,000 after purchasing an additional 56,208 shares during the last quarter. Finally, Par Capital Management Inc. boosted its position in Allegiant Travel by 1.4% in the fourth quarter. Par Capital Management Inc. now owns 253,500 shares of the transportation company’s stock valued at $20,942,000 after buying an additional 3,500 shares in 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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