Allegiant Travel Company (NASDAQ:ALGT) Given Average Rating of “Hold” by Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $100.1818.

ALGT has been the subject of a number of research reports. Evercore raised their price target on shares of Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Wall Street Zen upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Sunday, December 28th. UBS Group boosted their target price on Allegiant Travel from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Morgan Stanley raised their price objective on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th.

Insider Transactions at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of Allegiant Travel stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total value of $98,154.00. Following the completion of the sale, the chairman owned 150,000 shares of the company’s stock, valued at approximately $17,100,000. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 300,000 shares of company stock valued at $34,350,512. Company insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in shares of Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after acquiring an additional 106 shares in the last quarter. Signaturefd LLC boosted its stake in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 117 shares during the last quarter. Millennium Management LLC increased its holdings in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 134 shares in the last quarter. FourThought Financial Partners LLC increased its holdings in Allegiant Travel by 4.1% during the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock worth $295,000 after purchasing an additional 137 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Allegiant Travel by 4.9% in the third quarter. Harbor Capital Advisors Inc. now owns 3,759 shares of the transportation company’s stock worth $228,000 after purchasing an additional 176 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $106.50 on Friday. The firm has a 50 day moving average of $95.00 and a 200-day moving average of $76.25. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -41.44, a price-to-earnings-growth ratio of 0.24 and a beta of 1.64. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.76. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $118.00.

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.