Allegiant Travel (NASDAQ:ALGT) Director Sandra Douglass Morgan Sells 350 Shares

Allegiant Travel (NASDAQ:ALGT) Director Sandra Douglass Morgan sold 350 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the sale, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Allegiant Travel Trading Up 0.3 %

Shares of NASDAQ:ALGT opened at $81.02 on Friday. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $86.94. The firm has a fifty day moving average price of $63.65 and a 200 day moving average price of $53.12. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.49 billion, a PE ratio of -54.01, a P/E/G ratio of 6.95 and a beta of 1.61.

Institutional Investors Weigh In On Allegiant Travel

A number of large investors have recently added to or reduced their stakes in ALGT. Signaturefd LLC boosted its holdings in shares of Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after buying an additional 273 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Allegiant Travel by 136.9% during the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 304 shares during the period. Innealta Capital LLC acquired a new stake in shares of Allegiant Travel in the second quarter valued at about $34,000. CWM LLC increased its stake in shares of Allegiant Travel by 275.1% in the second quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock worth $64,000 after purchasing an additional 930 shares during the period. Finally, NBC Securities Inc. lifted its position in shares of Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after purchasing an additional 1,216 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

Analysts Set New Price Targets

ALGT has been the topic of several recent analyst reports. Susquehanna upped their price target on Allegiant Travel from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wolfe Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Barclays raised their price target on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. TD Cowen boosted their price objective 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.