Maurice J. Gallagher, Jr. Sells 28,319 Shares of Allegiant Travel (NASDAQ:ALGT) Stock

Allegiant Travel (NASDAQ:ALGT) Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the sale, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Allegiant Travel Trading Up 0.3 %

Shares of NASDAQ:ALGT traded up $0.28 on Wednesday, reaching $81.02. 251,280 shares of the company traded hands, compared to its average volume of 372,434. The business’s 50-day simple moving average is $62.89 and its 200 day simple moving average is $52.92. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $86.94. The stock has a market capitalization of $1.49 billion, a P/E ratio of -54.24, a price-to-earnings-growth ratio of 6.95 and a beta of 1.61. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC increased its position in Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 273 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Allegiant Travel by 136.9% in the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after buying an additional 304 shares during the period. Innealta Capital LLC bought a new stake in Allegiant Travel during the 2nd quarter valued at approximately $34,000. CWM LLC grew its holdings in shares of Allegiant Travel by 275.1% during the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock worth $64,000 after acquiring an additional 930 shares during the period. Finally, NBC Securities Inc. lifted its stake in shares of Allegiant Travel by 2,827.9% in the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 1,216 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

ALGT has been the topic of several recent research reports. Susquehanna increased their target price on Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Allegiant Travel in a research report on Friday, November 15th. TD Cowen increased their price objective on Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. UBS Group began coverage on Allegiant Travel in a research report on Tuesday. They issued a “neutral” rating and a $16.00 price objective on the stock. Finally, Wolfe Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Allegiant Travel currently 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.