Allegiant Travel (NASDAQ:ALGT – Get Free Report) COO Keny Frank Wilper sold 1,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the chief operating officer now owns 9,422 shares of the company’s stock, valued at approximately $480,522. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Allegiant Travel Trading Up 3.4 %
Shares of Allegiant Travel stock opened at $53.20 on Friday. The stock has a market capitalization of $969.84 million, a P/E ratio of 16.84, a P/E/G ratio of 1.37 and a beta of 1.63. Allegiant Travel has a 52-week low of $46.90 and a 52-week high of $130.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.74 and a current ratio of 0.76. The stock’s 50-day simple moving average is $59.00 and its 200 day simple moving average is $69.91.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $656.70 million for the quarter, compared to analyst estimates of $645.23 million. Allegiant Travel had a net margin of 2.26% and a return on equity of 0.50%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. As a group, research analysts anticipate that Allegiant Travel will post 3.62 EPS for the current year.
Allegiant Travel Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Tuesday, May 14th. Allegiant Travel’s payout ratio is currently 75.95%.
Institutional Trading of Allegiant Travel
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Allegiant Travel in the 4th quarter worth about $28,000. Tradewinds Capital Management LLC purchased a new stake in shares of Allegiant Travel in the fourth quarter worth about $83,000. SG Americas Securities LLC bought a new position in shares of Allegiant Travel in the first quarter valued at approximately $141,000. Commerce Bank purchased a new position in Allegiant Travel during the fourth quarter valued at approximately $201,000. Finally, Everence Capital Management Inc. bought a new stake in Allegiant Travel during the 4th quarter worth approximately $208,000. 85.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on the company. Barclays decreased their price target on Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Raymond James decreased their target price on Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. UBS Group initiated coverage on shares of Allegiant Travel in a report on Wednesday, March 20th. They issued a “sell” rating and a $58.00 price target on the stock. TD Cowen decreased their price objective on shares of Allegiant Travel from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, May 15th. Finally, Susquehanna lowered their price objective on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.00.
View Our Latest Research Report on Allegiant Travel
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.
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