Maurice J. Gallagher, Jr. Sells 71,678 Shares of Allegiant Travel (ALGT) Stock
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.
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.
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.
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