Allegiant Travel (NASDAQ:ALGT) Chairman Maurice J. Gallagher, Jr. Sells 28,319 Shares

Allegiant Travel (NASDAQ:ALGT) Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the transaction, the chairman now owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Allegiant Travel Trading Up 0.3 %

Shares of Allegiant Travel stock opened at $81.02 on Thursday. The company has a 50 day simple moving average of $62.89 and a two-hundred day simple moving average of $52.92. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $86.94. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market cap of $1.49 billion, a PE ratio of -54.01, a PEG ratio of 6.95 and a beta of 1.61.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Allegiant Travel by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 1,749,649 shares of the transportation company’s stock worth $131,591,000 after buying an additional 38,612 shares during the period. Harbor Capital Advisors Inc. lifted its position in Allegiant Travel by 7.9% during the second quarter. Harbor Capital Advisors Inc. now owns 7,591 shares of the transportation company’s stock valued at $381,000 after purchasing an additional 553 shares during the period. CWM LLC increased its position in Allegiant Travel by 275.1% during the second quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 930 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Allegiant Travel by 24.1% in the second quarter. 180 Wealth Advisors LLC now owns 9,049 shares of the transportation company’s stock valued at $444,000 after acquiring an additional 1,758 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Allegiant Travel during the 2nd quarter valued at about $285,000. Institutional investors own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

ALGT has been the subject of several recent research reports. Barclays increased their price target on Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. UBS Group assumed coverage on Allegiant Travel in a research note on Tuesday. They issued a “neutral” rating and a $16.00 price objective on the stock. Evercore ISI boosted their price target on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 price objective on shares of Allegiant Travel in a research report on Friday, November 15th. Finally, Wolfe Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Allegiant Travel has an average rating of “Hold” and a consensus price target of $65.44.

Allegiant Travel Company Profile

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.