Insider Selling: Allegiant Travel President Sells 25,000 Shares of Stock (ALGT)
Allegiant Travel (NASDAQ:ALGT) President Andrew Levy sold 25,000 shares of Allegiant Travel stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $98.69, for a total transaction of $2,467,250.00. Following the completion of the transaction, the president now directly owns 74,368 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ALGT shares. Analysts at Zacks upgraded shares of Allegiant Travel (NASDAQ:ALGT) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $96.70 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Allegiant Travel (NASDAQ:ALGT) from $110.00 to $115.00 in a research note to investors on Friday, July 19th. They now have a “hold” rating on the stock.
Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Allegiant Travel has a consensus rating of “Hold” and an average price target of $94.84.
Allegiant Travel (NASDAQ:ALGT) traded up 1.72% during mid-day trading on Wednesday, hitting $101.50. 72,093 shares of the company’s stock traded hands. Allegiant Travel has a 52 week low of $62.95 and a 52 week high of $109.72. The stock’s 50-day moving average is $96.26 and its 200-day moving average is $94.53. The company has a market cap of $1.920 billion and a P/E ratio of 21.54.
Allegiant Travel (NASDAQ:ALGT) last released its earnings data on Tuesday, July 23rd. The company reported $1.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.36 by $0.02. The company had revenue of $255.90 million for the quarter, compared to the consensus estimate of $258.37 million. During the same quarter last year, the company posted $1.30 earnings per share. Allegiant Travel’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Allegiant Travel will post $4.96 earnings per share for the current fiscal year.
Allegiant Travel Company is a leisure travel company focused on providing travel services and products to residents of small, underserved cities in the United States.
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