Insider Selling: Andrew C. Levy Sells 25,305 Shares of Allegiant Travel Company Stock (ALGT)
Allegiant Travel Company (NASDAQ:ALGT) COO Andrew C. Levy unloaded 25,305 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.11, for a total value of $3,165,908.55. Following the transaction, the chief operating officer now directly owns 78,512 shares in the company, valued at approximately $9,822,636. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ALGT. Analysts at Zacks downgraded shares of Allegiant Travel Company from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $127.00 price target on the stock. Separately, analysts at Avondale Partners upgraded shares of Allegiant Travel Company from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $145.00 price target on the stock, up previously from $116.00. Finally, analysts at CRT Capital upgraded shares of Allegiant Travel Company from a “fair value” rating to a “buy” rating in a research note on Thursday, July 17th. They now have a $136.00 price target on the stock, up previously from $108.00. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $131.80.
Shares of Allegiant Travel Company (NASDAQ:ALGT) traded up 0.74% on Friday, hitting $125.86. The stock had a trading volume of 163,399 shares. Allegiant Travel Company has a 52 week low of $81.19 and a 52 week high of $128.39. The stock has a 50-day moving average of $120.7 and a 200-day moving average of $113.4. The company has a market cap of $2.237 billion and a P/E ratio of 22.71.
Allegiant Travel Company (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.09. The company had revenue of $290.50 million for the quarter, compared to the consensus estimate of $287.92 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts predict that Allegiant Travel Company will post $6.07 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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