Allegiant Travel (NASDAQ:ALGT) COO Sells $16,564.16 in Stock

Allegiant Travel (NASDAQ:ALGT) COO Keny Frank Wilper sold 296 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $55.96, for a total transaction of $16,564.16. Following the completion of the sale, the chief operating officer now owns 17,398 shares in the company, valued at approximately $973,592.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 %

Allegiant Travel stock opened at $57.81 on Monday. The company has a market cap 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 firm has a 50-day moving average of $44.37 and a 200-day moving average of $51.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.74 and a quick ratio of 0.71. Allegiant Travel has a one year low of $36.08 and a one year high of $85.91.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.84 by $0.93. The firm had revenue of $666.28 million during the quarter, compared to analysts’ expectations of $657.74 million. Allegiant Travel had a positive return on equity of 3.48% and a negative net margin of 0.57%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.35 earnings per share. On average, equities analysts expect that Allegiant Travel will post 0.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ALGT shares. Deutsche Bank Aktiengesellschaft downgraded Allegiant Travel from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $53.00 in a report on Monday, July 8th. Susquehanna cut their price target on shares of Allegiant Travel from $55.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Morgan Stanley lowered their price objective on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Barclays cut their price objective on shares of Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.25.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Allegiant Travel during the second quarter worth $34,000. CWM LLC raised its holdings in shares of Allegiant Travel by 275.1% in the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 930 shares during the period. Headlands Technologies LLC lifted its stake in Allegiant Travel by 170.6% in the 2nd quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 1,590 shares during the last quarter. SG Americas Securities LLC bought a new position in Allegiant Travel during the first quarter worth about $141,000. Finally, ProShare Advisors LLC increased its position in Allegiant Travel by 6.9% during the first quarter. ProShare Advisors LLC now owns 3,155 shares of the transportation company’s stock worth $237,000 after buying an additional 203 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

About Allegiant Travel

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.