FY2027 Earnings Estimate for ALGT Issued By Seaport Res Ptn

Allegiant Travel (NASDAQ:ALGT) – Analysts at Seaport Res Ptn issued their FY2027 earnings per share estimates for Allegiant Travel in a report released on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie anticipates that the transportation company will post earnings of $12.50 per share for the year. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.04 per share.

ALGT has been the topic of several other research reports. TD Cowen boosted their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a report on Friday. Susquehanna raised their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wolfe Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Evercore ISI raised their target price on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.11.

Allegiant Travel Stock Up 2.1 %

Shares of NASDAQ:ALGT opened at $77.69 on Thursday. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $85.91. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The business has a fifty day moving average of $57.95 and a two-hundred day moving average of $51.85. The stock has a market cap of $1.43 billion, a P/E ratio of -51.79, a PEG ratio of 5.92 and a beta of 1.61.

Institutional Trading of Allegiant Travel

Several hedge funds have recently modified their holdings of ALGT. International Assets Investment Management LLC acquired a new position in Allegiant Travel during the 3rd quarter worth $63,540,000. Interval Partners LP purchased a new position in shares of Allegiant Travel in the 1st quarter valued at about $5,641,000. Clearbridge Investments LLC acquired a new position in shares of Allegiant Travel during the second quarter worth about $8,959,000. First Eagle Investment Management LLC increased its stake in shares of Allegiant Travel by 57.5% during the first quarter. First Eagle Investment Management LLC now owns 103,513 shares of the transportation company’s stock worth $7,785,000 after buying an additional 37,800 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Allegiant Travel by 369.1% in the first quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company’s stock valued at $1,796,000 after acquiring an additional 18,785 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. This trade represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now directly owns 7,490 shares in the company, valued at approximately $337,050. The trade was a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,334 shares of company stock worth $117,158 over the last ninety days. Corporate insiders own 15.80% of the company’s stock.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.