Allegiant Travel (NASDAQ:ALGT) CEO Maurice J. Gallagher, Jr. sold 182,182 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $167.18, for a total transaction of $30,457,186.76. Following the transaction, the chief executive officer now owns 3,071,196 shares in the company, valued at $513,442,547.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Allegiant Travel (ALGT) traded down $2.35 during mid-day trading on Wednesday, hitting $166.60. The stock had a trading volume of 238,091 shares, compared to its average volume of 144,727. The company has a current ratio of 1.05, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78. The company has a market cap of $2,680.00, a PE ratio of 17.72 and a beta of 0.16. Allegiant Travel has a one year low of $111.54 and a one year high of $180.40.
Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. Allegiant Travel had a return on equity of 32.19% and a net margin of 10.52%. Allegiant Travel’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 EPS. analysts anticipate that Allegiant Travel will post 8.62 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Allegiant Travel by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 853 shares of the transportation company’s stock worth $116,000 after purchasing an additional 127 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Allegiant Travel by 119.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the transportation company’s stock worth $149,000 after purchasing an additional 599 shares in the last quarter. Flinton Capital Management LLC increased its stake in Allegiant Travel by 81.8% during the 2nd quarter. Flinton Capital Management LLC now owns 1,120 shares of the transportation company’s stock worth $152,000 after purchasing an additional 504 shares in the last quarter. D.A. Davidson & CO. increased its stake in Allegiant Travel by 2.0% during the 2nd quarter. D.A. Davidson & CO. now owns 1,176 shares of the transportation company’s stock worth $159,000 after purchasing an additional 23 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Allegiant Travel by 47.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock worth $166,000 after purchasing an additional 402 shares in the last quarter. 86.16% of the stock is owned by institutional investors.
ALGT has been the topic of a number of research reports. Cowen restated a “hold” rating and set a $145.00 target price on shares of Allegiant Travel in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Macquarie started coverage on Allegiant Travel in a research note on Monday, September 25th. They issued a “neutral” rating and a $119.00 price target for the company. ValuEngine raised Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, Citigroup lowered their price target on Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $157.09.
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Allegiant Travel Company Profile
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.
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