Allegiant Travel (NASDAQ:ALGT) Director Sells $28,269.50 in Stock

Allegiant Travel (NASDAQ:ALGT) Director Sandra Douglass Morgan sold 350 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the transaction, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $81.84 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of -55.22, a price-to-earnings-growth ratio of 6.70 and a beta of 1.61. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $86.94. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The company’s fifty day moving average is $64.41 and its two-hundred day moving average is $53.31.

Analyst Ratings Changes

A number of research analysts recently commented on ALGT shares. UBS Group began coverage on shares of Allegiant Travel in a research note on Tuesday. They set a “neutral” rating and a $16.00 price objective on the stock. Susquehanna boosted their price objective on Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 target price on shares of Allegiant Travel in a research note on Friday, November 15th. Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, TD Cowen lifted their price objective on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Allegiant Travel presently has an average rating of “Hold” and an average price target of $65.44.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Allegiant Travel by 2.3% during the first quarter. Vanguard Group Inc. now owns 1,749,649 shares of the transportation company’s stock worth $131,591,000 after purchasing an additional 38,612 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Allegiant Travel by 20.2% during the 3rd quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock valued at $54,701,000 after buying an additional 167,148 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Allegiant Travel by 1.9% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 945,839 shares of the transportation company’s stock valued at $47,509,000 after buying an additional 17,792 shares in the last quarter. U S Global Investors Inc. increased its holdings in Allegiant Travel by 51.9% in the third quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock worth $40,823,000 after buying an additional 253,198 shares during the last quarter. Finally, State Street Corp increased its holdings in Allegiant Travel by 1.7% in the third quarter. State Street Corp now owns 608,977 shares of the transportation company’s stock worth $33,530,000 after buying an additional 10,050 shares during the last quarter. Hedge funds and other institutional investors 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.