Robert Paul Wilson III Sells 750 Shares of Allegiant Travel (NASDAQ:ALGT) Stock

Allegiant Travel (NASDAQ:ALGTGet Free Report) EVP Robert Paul Wilson III sold 750 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.00, for a total transaction of $39,750.00. Following the transaction, the executive vice president now owns 74,948 shares in the company, valued at approximately $3,972,244. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Robert Paul Wilson III also recently made the following trade(s):

  • On Friday, May 10th, Robert Paul Wilson III sold 4,600 shares of Allegiant Travel stock. The shares were sold at an average price of $54.00, for a total transaction of $248,400.00.

Allegiant Travel Price Performance

NASDAQ:ALGT opened at $52.29 on Friday. The firm has a market cap of $953.25 million, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.43 and a beta of 1.65. Allegiant Travel has a 12 month low of $46.90 and a 12 month high of $130.93. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average price is $57.33 and its two-hundred day moving average price is $69.53.

Allegiant Travel (NASDAQ:ALGTGet Free Report) last announced its earnings results on Tuesday, May 7th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel had a net margin of 2.26% and a return on equity of 0.50%. The company had revenue of $656.70 million for the quarter, compared to analyst estimates of $645.23 million. During the same period in the prior year, the business earned $3.04 earnings per share. Allegiant Travel’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Allegiant Travel will post 3.62 EPS for the current fiscal year.

Allegiant Travel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.59%. Allegiant Travel’s payout ratio is 75.95%.

Analyst Ratings Changes

ALGT has been the topic of several recent research reports. Barclays decreased their target price on shares of Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Susquehanna decreased their target price on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. TD Cowen decreased their target price on shares of Allegiant Travel from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Finally, UBS Group initiated coverage on shares of Allegiant Travel in a research report on Wednesday, March 20th. They set a “sell” rating and a $58.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Check Out Our Latest Report on Allegiant Travel

Hedge Funds Weigh In On Allegiant Travel

A number of large investors have recently modified their holdings of ALGT. International Assets Investment Management LLC acquired a new position in shares of Allegiant Travel during the fourth quarter worth approximately $141,350,000. Donald Smith & CO. Inc. raised its stake in shares of Allegiant Travel by 106.7% during the first quarter. Donald Smith & CO. Inc. now owns 309,781 shares of the transportation company’s stock worth $23,299,000 after buying an additional 159,892 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of Allegiant Travel by 23.4% during the fourth quarter. U S Global Investors Inc. now owns 647,055 shares of the transportation company’s stock worth $53,453,000 after buying an additional 122,844 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Allegiant Travel during the third quarter worth approximately $8,248,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Allegiant Travel by 14.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 798,573 shares of the transportation company’s stock worth $65,972,000 after buying an additional 98,662 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

About Allegiant Travel

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Allegiant Travel (NASDAQ:ALGT)

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