Stifel Nicolaus restated their hold rating on shares of Allegiant Travel Company (NASDAQ:ALGT) in a research report report published on Wednesday morning. They currently have a $173.00 price target on the transportation company’s stock.
Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Allegiant Travel Company from a hold rating to a strong sell rating in a research note on Tuesday, December 20th. Cowen and Company upped their price objective on shares of Allegiant Travel Company from $160.00 to $162.00 and gave the company a market perform rating in a research note on Wednesday, February 1st. Finally, Imperial Capital dropped their price objective on shares of Allegiant Travel Company from $182.00 to $170.00 and set an in-line rating on the stock in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $168.25.
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Allegiant Travel Company (NASDAQ:ALGT) traded up 1.67% during midday trading on Wednesday, hitting $164.85. 4,086 shares of the stock traded hands. Allegiant Travel Company has a 1-year low of $121.70 and a 1-year high of $182.25. The company has a 50-day moving average of $159.33 and a 200-day moving average of $162.01. The stock has a market cap of $2.70 billion, a PE ratio of 12.48 and a beta of -0.20.
Allegiant Travel Company (NASDAQ:ALGT) last released its quarterly earnings data on Tuesday, January 31st. The transportation company reported $2.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.08. The firm had revenue of $335.90 million for the quarter, compared to analyst estimates of $333.25 million. Allegiant Travel Company had a net margin of 16.11% and a return on equity of 54.38%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.38 EPS. On average, equities analysts expect that Allegiant Travel Company will post $10.43 EPS for the current fiscal year.
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In other Allegiant Travel Company news, EVP Jude Bricker sold 4,421 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $158.67, for a total value of $701,480.07. Following the completion of the sale, the executive vice president now directly owns 21,569 shares of the company’s stock, valued at approximately $3,422,353.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary Ellmer sold 580 shares of the stock in a transaction on Friday, March 24th. The shares were sold at an average price of $162.00, for a total transaction of $93,960.00. Following the completion of the sale, the director now directly owns 2,255 shares of the company’s stock, valued at $365,310. The disclosure for this sale can be found here. 21.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of ALGT. Rhumbline Advisers raised its stake in shares of Allegiant Travel Company by 4.4% in the third quarter. Rhumbline Advisers now owns 20,766 shares of the transportation company’s stock worth $2,743,000 after buying an additional 880 shares in the last quarter. FMR LLC increased its position in Allegiant Travel Company by 3.7% in the fourth quarter. FMR LLC now owns 926,540 shares of the transportation company’s stock valued at $154,177,000 after buying an additional 33,400 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Allegiant Travel Company by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 313,768 shares of the transportation company’s stock valued at $41,439,000 after buying an additional 2,586 shares during the last quarter. Muhlenkamp & Co. Inc. increased its position in Allegiant Travel Company by 0.8% in the third quarter. Muhlenkamp & Co. Inc. now owns 34,258 shares of the transportation company’s stock valued at $4,524,000 after buying an additional 257 shares during the last quarter. Finally, Comerica Bank increased its position in Allegiant Travel Company by 4.0% in the fourth quarter. Comerica Bank now owns 18,436 shares of the transportation company’s stock valued at $3,277,000 after buying an additional 709 shares during the last quarter. 79.27% of the stock is owned by hedge funds and other institutional investors.
About Allegiant Travel Company
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.
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