Allegiant Travel Company (ALGT) Director Gary Ellmer Sells 1,000 Shares

Allegiant Travel Company (NASDAQ:ALGT) Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $148.85, for a total transaction of $148,850.00. Following the completion of the transaction, the director now owns 2,120 shares in the company, valued at approximately $315,562. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Allegiant Travel Company (NASDAQ:ALGT) traded up $0.60 during trading hours on Friday, reaching $148.60. 84,351 shares of the company were exchanged, compared to its average volume of 138,929. Allegiant Travel Company has a 1-year low of $111.54 and a 1-year high of $182.25. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78. The firm has a market cap of $2,368.28, a price-to-earnings ratio of 15.82, a PEG ratio of 6.05 and a beta of 0.16.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The business had revenue of $348.80 million for the quarter, compared to analyst estimates of $349.79 million. During the same period last year, the business posted $2.75 EPS. Allegiant Travel’s revenue was up 4.6% compared to the same quarter last year. equities analysts anticipate that Allegiant Travel Company will post 8.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Wednesday, November 22nd were paid a $0.70 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.88%. Allegiant Travel’s payout ratio is presently 30.08%.

A number of large investors have recently bought and sold shares of ALGT. Diamond Hill Capital Management Inc. grew its stake in Allegiant Travel by 19,391.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 404,441 shares of the transportation company’s stock valued at $53,265,000 after buying an additional 402,366 shares during the last quarter. Royce & Associates LP grew its stake in Allegiant Travel by 1,515.5% in the 3rd quarter. Royce & Associates LP now owns 197,103 shares of the transportation company’s stock valued at $25,958,000 after buying an additional 184,902 shares during the last quarter. Capital Research Global Investors grew its stake in Allegiant Travel by 33.6% in the 2nd quarter. Capital Research Global Investors now owns 547,178 shares of the transportation company’s stock valued at $74,197,000 after buying an additional 137,600 shares during the last quarter. FMR LLC grew its stake in Allegiant Travel by 8.7% in the 2nd quarter. FMR LLC now owns 1,014,073 shares of the transportation company’s stock valued at $137,508,000 after buying an additional 81,533 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in Allegiant Travel by 96.3% in the 3rd quarter. New York State Common Retirement Fund now owns 127,441 shares of the transportation company’s stock valued at $16,784,000 after buying an additional 62,520 shares during the last quarter. Institutional investors and hedge funds own 86.22% of the company’s stock.

ALGT has been the topic of several analyst reports. Citigroup dropped their price target on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. Morgan Stanley dropped their price target on shares of Allegiant Travel from $139.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Stifel Nicolaus restated a “hold” rating and set a $135.00 price target (down previously from $150.00) on shares of Allegiant Travel in a research note on Friday, September 22nd. ValuEngine lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen restated a “hold” rating and set a $145.00 price target on shares of Allegiant Travel in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $146.45.

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About Allegiant Travel

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.

Insider Buying and Selling by Quarter for Allegiant Travel (NASDAQ:ALGT)

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