Allegiant Travel (NASDAQ:ALGT) CEO Maurice J. Gallagher, Jr. sold 19,269 shares of Allegiant Travel stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $151.14, for a total value of $2,912,316.66. Following the completion of the transaction, the chief executive officer now owns 2,901,373 shares in the company, valued at approximately $438,513,515.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of ALGT stock opened at $143.89 on Friday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 14.39 and a beta of 0.89. Allegiant Travel has a twelve month low of $98.18 and a twelve month high of $152.00. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.07 and a quick ratio of 1.03. The stock’s fifty day moving average price is $142.73.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.10. The business had revenue of $451.60 million for the quarter, compared to analyst estimates of $452.24 million. Allegiant Travel had a return on equity of 25.13% and a net margin of 9.67%. Allegiant Travel’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.42 EPS. On average, sell-side analysts anticipate that Allegiant Travel will post 13.73 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank grew its position in shares of Allegiant Travel by 19,900.0% in the 1st quarter. Huntington National Bank now owns 200 shares of the transportation company’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Allegiant Travel by 45.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 541 shares of the transportation company’s stock valued at $54,000 after buying an additional 168 shares during the last quarter. CSat Investment Advisory L.P. grew its position in shares of Allegiant Travel by 29.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 566 shares of the transportation company’s stock valued at $57,000 after buying an additional 130 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Allegiant Travel in the 1st quarter valued at about $155,000. Finally, Citigroup Inc. grew its position in shares of Allegiant Travel by 780.6% in the 4th quarter. Citigroup Inc. now owns 1,638 shares of the transportation company’s stock valued at $164,000 after buying an additional 1,452 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.
Several brokerages have recently issued reports on ALGT. Morgan Stanley lifted their price target on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. Imperial Capital reiterated an “outperform” rating and issued a $78.00 price target (down previously from $83.00) on shares of Spirit Airlines in a research note on Friday, April 26th. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup lowered Apergy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $160.42.
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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