Allegiant Air (NASDAQ:ALGT) Director Gary Ellmer sold 120 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $178.40, for a total value of $21,408.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ ALGT opened at $172.50 on Friday. Allegiant Air has a 1-year low of $111.54 and a 1-year high of $181.45. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.95 and a current ratio of 0.98. The firm has a market capitalization of $2,793.19, a PE ratio of 18.06, a P/E/G ratio of 0.54 and a beta of 0.07.
Allegiant Air (NASDAQ:ALGT) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $2.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.93. Allegiant Air had a net margin of 12.96% and a return on equity of 31.47%. The business had revenue of $378.56 million for the quarter, compared to the consensus estimate of $377.25 million. During the same period in the prior year, the business posted $2.48 earnings per share. Allegiant Air’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts predict that Allegiant Air will post 10.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 1st. Allegiant Air’s dividend payout ratio (DPR) is presently 29.32%.
A number of analysts have recently issued reports on ALGT shares. ValuEngine upgraded Allegiant Air from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Deutsche Bank upgraded Allegiant Air from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $180.00 in a report on Thursday, December 21st. Bank of America upgraded Allegiant Air from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, January 9th. BidaskClub upgraded Allegiant Air from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus upgraded Allegiant Air from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $200.00 in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Allegiant Air has an average rating of “Hold” and a consensus price target of $164.55.
Several hedge funds and other institutional investors have recently bought and sold shares of ALGT. Ladenburg Thalmann Financial Services Inc. increased its position in Allegiant Air by 47.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock worth $166,000 after buying an additional 402 shares during the last quarter. Elkfork Partners LLC acquired a new position in Allegiant Air during the fourth quarter worth $184,000. Shelton Capital Management acquired a new position in Allegiant Air during the fourth quarter worth $202,000. Teacher Retirement System of Texas acquired a new position in Allegiant Air during the fourth quarter worth $216,000. Finally, McKinley Carter Wealth Services Inc. acquired a new position in Allegiant Air during the fourth quarter worth $233,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.
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Allegiant Air Company Profile
Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.
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