Allegiant Travel (NASDAQ:ALGT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Allegiant Travel (NASDAQ:ALGT – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Allegiant Travel from $75.00 to $85.00 and gave the stock a hold rating in a report on Thursday, February 2nd. Bank of America decreased their target price on shares of Allegiant Travel from $90.00 to $85.00 and set a neutral rating on the stock in a research note on Thursday, February 2nd. The Goldman Sachs Group began coverage on shares of Allegiant Travel in a research report on Friday, December 16th. They set a buy rating and a $96.00 price objective on the stock. Raymond James restated a buy rating and set a $118.00 target price (down previously from $120.00) on shares of Allegiant Travel in a report on Thursday, February 2nd. Finally, Susquehanna cut shares of Allegiant Travel from a positive rating to a neutral rating and set a $90.00 price target on the stock. in a research note on Wednesday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $102.75.

Allegiant Travel Stock Down 6.4 %

Shares of NASDAQ ALGT opened at $80.88 on Thursday. The firm has a market cap of $1.47 billion, a PE ratio of 898.77 and a beta of 1.61. Allegiant Travel has a 12-month low of $62.94 and a 12-month high of $176.56. The company’s fifty day simple moving average is $92.17 and its 200 day simple moving average is $82.50. The company has a quick ratio of 1.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.59.

Insiders Place Their Bets

In other news, CMO Scott Wayne Deangelo sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $69.37, for a total transaction of $86,712.50. Following the completion of the transaction, the chief marketing officer now directly owns 15,106 shares of the company’s stock, valued at $1,047,903.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Scott Wayne Deangelo sold 1,250 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $69.37, for a total transaction of $86,712.50. Following the completion of the sale, the chief marketing officer now owns 15,106 shares in the company, valued at approximately $1,047,903.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Scott Sheldon sold 7,304 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $96.71, for a total transaction of $706,369.84. Following the sale, the chief operating officer now directly owns 30,745 shares in the company, valued at $2,973,348.95. The disclosure for this sale can be found here. Insiders have sold a total of 10,439 shares of company stock worth $984,461 over the last quarter. 15.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Allegiant Travel by 0.4% during the first quarter. BlackRock Inc. now owns 2,355,920 shares of the transportation company’s stock worth $382,578,000 after buying an additional 8,810 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Allegiant Travel by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,675,544 shares of the transportation company’s stock worth $122,281,000 after purchasing an additional 20,482 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Allegiant Travel by 20.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,590,165 shares of the transportation company’s stock worth $108,116,000 after purchasing an additional 271,378 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Allegiant Travel by 220.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,330,668 shares of the transportation company’s stock worth $150,485,000 after acquiring an additional 915,511 shares during the period. Finally, U S Global Investors Inc. increased its stake in Allegiant Travel by 26.5% in the 4th quarter. U S Global Investors Inc. now owns 849,473 shares of the transportation company’s stock valued at $57,756,000 after buying an additional 178,000 shares during the last quarter. Institutional investors own 85.77% of the company’s stock.

About Allegiant Travel

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Allegiant Travel Co engages in the provision of travel services. It includes scheduled service air transportation, air-related travel services and product, third party travel products, and fixed fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline.