Allegiant Travel (NASDAQ:ALGT – Get Free Report) EVP Robert Paul Wilson III sold 4,600 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $54.00, for a total value of $248,400.00. Following the completion of the transaction, the executive vice president now directly owns 75,698 shares of the company’s stock, valued at $4,087,692. The sale was disclosed in a filing with the SEC, which is available at this link.
Allegiant Travel Stock Down 0.6 %
NASDAQ:ALGT opened at $53.44 on Friday. The stock’s fifty day simple moving average is $64.76 and its 200-day simple moving average is $71.19. The firm has a market capitalization of $974.32 million, a P/E ratio of 16.91, a P/E/G ratio of 1.19 and a beta of 1.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.37. Allegiant Travel has a 12-month low of $51.13 and a 12-month high of $130.93.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. The company had revenue of $656.70 million during the quarter, compared to analysts’ expectations of $645.23 million. During the same period in the prior year, the business posted $3.04 EPS. Allegiant Travel’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Allegiant Travel will post 4.37 earnings per share for the current year.
Allegiant Travel Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.49%. Allegiant Travel’s dividend payout ratio is 75.95%.
Analysts Set New Price Targets
A number of brokerages have weighed in on ALGT. Raymond James dropped their price objective on Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Barclays cut their price target on shares of Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday. UBS Group assumed coverage on shares of Allegiant Travel in a research note on Wednesday, March 20th. They set a “sell” rating and a $58.00 price objective on the stock. TD Cowen lifted their target price on shares of Allegiant Travel from $82.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Finally, Susquehanna reduced their price target on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Allegiant Travel presently has a consensus rating of “Hold” and an average price target of $89.13.
Get Our Latest Research Report on ALGT
Institutional Trading of Allegiant Travel
A number of large investors have recently made changes to their positions in ALGT. Strs Ohio bought a new stake in shares of Allegiant Travel in the third quarter worth about $691,000. Inspire Investing LLC lifted its stake in Allegiant Travel by 60.3% in the third quarter. Inspire Investing LLC now owns 3,981 shares of the transportation company’s stock valued at $306,000 after buying an additional 1,497 shares in the last quarter. Watershed Asset Management L.L.C. acquired a new position in shares of Allegiant Travel in the third quarter valued at approximately $257,000. 180 Wealth Advisors LLC raised its holdings in shares of Allegiant Travel by 13.4% during the third quarter. 180 Wealth Advisors LLC now owns 6,874 shares of the transportation company’s stock worth $528,000 after acquiring an additional 814 shares during the period. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of Allegiant Travel during the third quarter worth $549,000. 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.
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