Allegiant Travel (NASDAQ:ALGT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allegiant Travel (NASDAQ:ALGT) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $65.38.

Several research firms have commented on ALGT. Susquehanna increased their target price on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Barclays raised their price target on Allegiant Travel from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. TD Cowen raised their price target on Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Wolfe Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Evercore ISI raised their price target on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $74.54 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -49.69, a PEG ratio of 5.92 and a beta of 1.61. Allegiant Travel has a one year low of $36.08 and a one year high of $85.91. The company’s fifty day moving average price is $56.50 and its two-hundred day moving average price is $51.54.

Insiders Place Their Bets

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the director now owns 7,490 shares in the company, valued at $337,050. This trade represents a 0.00 % 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 link. In other news, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the director now owns 7,490 shares in the company, valued at approximately $337,050. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Keny Frank Wilper sold 635 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at $1,025,169.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,334 shares of company stock worth $117,158 over the last quarter. Company insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Allegiant Travel in the third quarter valued at approximately $63,540,000. Interval Partners LP acquired a new stake in shares of Allegiant Travel in the first quarter valued at approximately $5,641,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Allegiant Travel in the first quarter valued at approximately $1,306,000. Clearbridge Investments LLC acquired a new stake in shares of Allegiant Travel in the second quarter valued at approximately $8,959,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Allegiant Travel by 57.5% in the first quarter. First Eagle Investment Management LLC now owns 103,513 shares of the transportation company’s stock valued at $7,785,000 after purchasing an additional 37,800 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

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.