Shares of Allegiant Travel (NASDAQ:ALGT – Get Rating ) have been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $102.33.
Several analysts have issued reports on ALGT shares. Barclays decreased their price objective on shares of Allegiant Travel from $100.00 to $96.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and cut their target price for the stock from $106.00 to $75.00 in a research report on Tuesday, December 20th. Goldman Sachs Group began coverage on shares of Allegiant Travel in a research report on Friday, December 16th. They set a “buy” rating and a $96.00 target price for the company. Susquehanna Bancshares cut their target price on shares of Allegiant Travel from $140.00 to $110.00 in a research report on Tuesday, October 11th. Finally, Cowen downgraded shares of Allegiant Travel from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a research report on Thursday, December 15th.
Insider Buying and Selling at Allegiant Travel
In other Allegiant Travel news, CMO Scott Wayne Deangelo sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $69.37, for a total value of $86,712.50. Following the sale, the chief marketing officer now directly owns 15,106 shares in the company, valued at $1,047,903.22. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. 15.10% of shares are currently owned by company insiders.
Institutional investors weigh in on Allegiant Travel
A number of hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC raised its stake in shares of Allegiant Travel by 23.5% in the fourth quarter. Inspire Investing LLC now owns 3,479 shares of the transportation company’s stock valued at $237,000 after buying an additional 662 shares in the last quarter. Oldfield Partners LLP raised its stake in shares of Allegiant Travel by 9.0% in the fourth quarter. Oldfield Partners LLP now owns 37,400 shares of the transportation company’s stock valued at $2,543,000 after purchasing an additional 3,100 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Allegiant Travel by 1.8% in the fourth quarter. State of Alaska Department of Revenue now owns 10,890 shares of the transportation company’s stock valued at $740,000 after buying an additional 190 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Allegiant Travel in the third quarter valued at about $292,000. Finally, Capital Impact Advisors LLC raised its stake in shares of Allegiant Travel by 23.1% in the third quarter. Capital Impact Advisors LLC now owns 4,839 shares of the transportation company’s stock valued at $375,000 after buying an additional 909 shares in the last quarter. 85.77% of the shares are currently owned by institutional investors.
Allegiant Travel Trading up 2.3%
NASDAQ ALGT opened at $86.21 on Friday. The company has a debt-to-equity ratio of 1.55, a quick earnings ratio of 1.27 and a current ratio of 1.32. Allegiant Travel has a one year low of $62.94 and a one year high of $186.86. The company’s 50-day moving average is $75.51 and its 200-day moving average is $85.59. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -39.37 and a beta of 1.56.
Allegiant Travel (NASDAQ:ALGT – Get Rating ) last issued its quarterly earnings data on Wednesday, November 2nd. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.07). Allegiant Travel had a negative net margin of 1.80% and a positive return on equity of 1.68%. The firm had revenue of $560.33 million during the quarter, compared to analyst estimates of $556.65 million. On average, sell-side analysts predict that Allegiant Travel will post 0.83 EPS for the current year.
About Allegiant Travel
Allegiant Travel Co is engaged in providing travel services. Includes scheduled air transportation, air-related passenger services and products, third-party travel products, and fixed-fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort and Other Non-Airline.
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