Allegiant Travel (NASDAQ:ALGT)‘s stock had its “hold” rating reiterated by research analysts at Raymond James Financial in a report released on Monday.

ALGT has been the subject of several other reports. Macquarie initiated coverage on Allegiant Travel in a research report on Monday, September 25th. They set a “neutral” rating and a $119.00 target price for the company. Cowen reiterated a “hold” rating and set a $145.00 price target on shares of Allegiant Travel in a report on Tuesday, October 17th. Citigroup decreased their price target on Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $135.00 price target (down from $150.00) on shares of Allegiant Travel in a report on Friday, September 22nd. Finally, Bank of America reiterated a “neutral” rating and set a $145.00 price target (down from $150.00) on shares of Allegiant Travel in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $146.45.

Shares of Allegiant Travel (NASDAQ:ALGT) traded up $4.30 during trading hours on Monday, reaching $151.80. The company had a trading volume of 203,900 shares, compared to its average volume of 139,016. The company has a market cap of $2,371.49, a price-to-earnings ratio of 15.84, a P/E/G ratio of 6.10 and a beta of 0.16. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.05. Allegiant Travel has a twelve month low of $111.54 and a twelve month high of $182.25.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The business had revenue of $348.80 million during the quarter, compared to analyst estimates 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 for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $2.75 EPS. equities analysts anticipate that Allegiant Travel will post 8.55 earnings per share for the current fiscal year.

In other news, President John Redmond bought 11,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $138.28 per share, with a total value of $1,521,080.00. Following the transaction, the president now directly owns 92,574 shares in the company, valued at $12,801,132.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Scott Sheldon sold 5,872 shares of Allegiant Travel stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $137.63, for a total transaction of $808,163.36. Following the transaction, the chief financial officer now directly owns 21,202 shares in the company, valued at approximately $2,918,031.26. The disclosure for this sale can be found here. 22.00% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in shares of Allegiant Travel by 28.9% in the 2nd quarter. Bank of Montreal Can now owns 829 shares of the transportation company’s stock worth $112,000 after purchasing an additional 186 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Allegiant Travel by 17.5% in 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 during the period. Riverhead Capital Management LLC raised its holdings in shares of Allegiant Travel by 119.8% in 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 during the period. Flinton Capital Management LLC raised its holdings in shares of Allegiant Travel by 81.8% in 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 during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of Allegiant Travel by 2.0% in 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 during the period. 86.22% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

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