FY2024 Earnings Forecast for ALGT Issued By Seaport Res Ptn

Allegiant Travel (NASDAQ:ALGT) – Stock analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for shares of Allegiant Travel in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $1.13 per share for the year, down from their prior forecast of $1.95. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.27 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s Q4 2024 earnings at $0.75 EPS.

ALGT has been the subject of several other reports. TD Cowen boosted their price target on Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday. Evercore ISI raised their price objective on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Morgan Stanley decreased their price target on Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Barclays dropped their target price on shares of Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Susquehanna lifted their price objective on shares of Allegiant Travel from $40.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.13.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $63.01 on Monday. The company has a market cap of $1.15 billion, a PE ratio of -42.01, a price-to-earnings-growth ratio of 4.25 and a beta of 1.61. The business’s 50 day moving average price is $51.72 and its two-hundred day moving average price is $50.90. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $85.91. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.30.

Institutional Trading of Allegiant Travel

Large investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of 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 last quarter. Innealta Capital LLC bought a new stake in Allegiant Travel during the second quarter valued at approximately $34,000. CWM LLC increased its holdings in Allegiant Travel by 275.1% during the second quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after buying an additional 930 shares during the last quarter. Finally, NBC Securities Inc. raised its position in Allegiant Travel by 2,827.9% in the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after acquiring an additional 1,216 shares during the period. Institutional investors own 85.81% of the company’s stock.

Insiders Place Their Bets

In related news, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Gary Ellmer sold 1,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 7,490 shares of the company’s stock, valued at $337,050. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the transaction, the chief operating officer now directly owns 16,353 shares in the company, valued at $1,025,169.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,334 shares of company stock worth $117,158. Company insiders own 15.80% 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.