Allegiant Travel (NASDAQ:ALGT) has earned an average rating of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $157.83.
A number of analysts recently commented on ALGT shares. Macquarie set a $6.00 price target on Cheetah Mobile and gave the company a “sell” rating in a research report on Tuesday, March 26th. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. Imperial Capital reaffirmed an “outperform” rating and set a $78.00 price target (down from $83.00) on shares of Spirit Airlines in a research report on Friday, April 26th. Morgan Stanley increased their price target on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Finally, ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research report on Friday, June 28th.
Shares of Allegiant Travel stock traded up $4.17 on Tuesday, hitting $148.67. The company had a trading volume of 130,119 shares, compared to its average volume of 114,387. The firm has a market capitalization of $2.42 billion, a PE ratio of 14.87 and a beta of 0.89. Allegiant Travel has a 1 year low of $98.18 and a 1 year high of $149.64. The stock’s 50 day simple moving average is $141.97. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.07 and a quick ratio of 1.03.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $3.98 EPS for the quarter, beating the Zacks’ consensus estimate of $3.88 by $0.10. The company had revenue of $451.60 million during the quarter, compared to the consensus estimate of $452.24 million. Allegiant Travel had a return on equity of 25.13% and a net margin of 9.67%. Allegiant Travel’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $3.42 earnings per share. As a group, analysts anticipate that Allegiant Travel will post 13.58 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, June 13th. Allegiant Travel’s dividend payout ratio is currently 28.00%.
In other news, CEO Maurice J. Gallagher, Jr. sold 10,778 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $148.17, for a total value of $1,596,976.26. Following the completion of the transaction, the chief executive officer now directly owns 2,910,176 shares of the company’s stock, valued at $431,200,777.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 4,222 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $148.17, for a total value of $625,573.74. Following the completion of the transaction, the chief executive officer now directly owns 2,920,954 shares of the company’s stock, valued at $432,797,754.18. The disclosure for this sale can be found here. Insiders sold 116,184 shares of company stock valued at $17,161,650 over the last three months. Company insiders own 20.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of ALGT. Capital Investment Services of America Inc. increased its holdings in shares of Allegiant Travel by 1.9% in the second quarter. Capital Investment Services of America Inc. now owns 88,773 shares of the transportation company’s stock worth $12,739,000 after buying an additional 1,620 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Allegiant Travel in the second quarter worth about $211,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Allegiant Travel in the first quarter worth about $155,000. GYL Financial Synergies LLC purchased a new position in shares of Allegiant Travel in the first quarter worth about $910,000. Finally, Anderson Fisher LLC increased its holdings in shares of Allegiant Travel by 17.8% in the first quarter. Anderson Fisher LLC now owns 15,635 shares of the transportation company’s stock worth $2,024,000 after buying an additional 2,365 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.
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 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
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