Allegiant Travel (NASDAQ:ALGT) CEO Maurice J. Gallagher, Jr. sold 71,678 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $165.54, for a total transaction of $11,865,576.12. Following the sale, the chief executive officer now owns 3,071,196 shares of the company’s stock, valued at $508,405,785.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Allegiant Travel (NASDAQ ALGT) traded down $2.35 during midday trading on Wednesday, reaching $166.60. 238,091 shares of the company’s stock were exchanged, compared to its average volume of 144,727. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. The firm has a market capitalization of $2,680.00, a PE ratio of 17.72 and a beta of 0.16. Allegiant Travel has a 1 year low of $111.54 and a 1 year high of $180.40.

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 the Zacks’ consensus estimate of $1.31 by $0.08. The firm had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.75 earnings per share. analysts expect that Allegiant Travel will post 8.62 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALGT. Pinebridge Investments L.P. raised its position in shares of Allegiant Travel by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,733 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 18 shares during the period. D.A. Davidson & CO. raised its position in shares of Allegiant Travel by 2.0% in the second quarter. D.A. Davidson & CO. now owns 1,176 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 23 shares during the period. Amalgamated Bank raised its position in shares of Allegiant Travel by 4.4% in the second quarter. Amalgamated Bank now owns 1,823 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 77 shares during the period. Victory Capital Management Inc. raised its position in shares of Allegiant Travel by 17.5% in the second quarter. Victory Capital Management Inc. now owns 853 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 127 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Allegiant Travel by 47.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 86.16% of the company’s stock.

ALGT has been the subject of several research reports. Deutsche Bank upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and raised their price target for the stock from $130.00 to $180.00 in a report on Thursday, December 21st. Citigroup decreased their price target on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. ValuEngine upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Bank of America upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $200.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Allegiant Travel has a consensus rating of “Hold” and a consensus target price of $157.09.

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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.

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

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