Allegiant Travel (NASDAQ:ALGT) CFO Gregory Clark Anderson Sells 858 Shares of Stock

Posted by Oscar Bower on Aug 6th, 2022

Allegiant Travel (NASDAQ:ALGT – Get Rating) CFO Gregory Clark Anderson sold 858 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $114.77, for a total value of $98,472.66. Following the sale, the chief financial officer now owns 42,255 shares in the company, valued at $4,849,606.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $110.25 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.55 and a current ratio of 1.59. The firm has a fifty day moving average price of $121.94 and a 200 day moving average price of $146.61. Allegiant Travel has a fifty-two week low of $108.99 and a fifty-two week high of $215.48. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 42.90 and a beta of 1.49.

Allegiant Travel (NASDAQ:ALGT – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The transportation company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.44). Allegiant Travel had a return on equity of 3.52% and a net margin of 2.23%. During the same quarter in the previous year, the company posted $3.46 earnings per share. As a group, sell-side analysts expect that Allegiant Travel will post 2.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley dropped their price target on Allegiant Travel from $250.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Barclays lowered their price objective on shares of Allegiant Travel from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Susquehanna lowered their price target on shares of Allegiant Travel from $185.00 to $140.00 and set a “positive” rating for the company in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Allegiant Travel from $245.00 to $190.00 in a research note on Thursday. Finally, Susquehanna Bancshares cut their price target on shares of Allegiant Travel from $185.00 to $140.00 and set a “positive” rating on the stock in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.33.

Institutional Trading of Allegiant Travel

Institutional investors have recently bought and sold shares of the stock. Rather & Kittrell Inc. purchased a new position in shares of Allegiant Travel during the 4th quarter valued at approximately $32,000. Cyrus J. Lawrence LLC acquired a new stake in Allegiant Travel during the 1st quarter worth $32,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Allegiant Travel by 58.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 98 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Allegiant Travel during the 4th quarter valued at about $56,000. Finally, Strs Ohio acquired a new position in shares of Allegiant Travel during the 2nd quarter valued at about $56,000. 98.49% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Company Profile

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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 14, 2022, it operated a fleet of 110 Airbus A320 series aircraft.