Allegiant Travel Company (NASDAQ:ALGT) Receives Consensus Rating of “Hold” from Brokerages

Allegiant Travel Company (NASDAQ:ALGT) has earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $100.1818.

Several equities analysts have recently issued reports on ALGT shares. Morgan Stanley raised their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Bank of America upgraded Allegiant Travel from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $55.00 to $95.00 in a report on Tuesday, January 6th. Wolfe Research raised Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Friday, December 12th. Finally, Susquehanna reissued a “positive” rating and issued a $110.00 price target on shares of Allegiant Travel in a research note on Friday, February 6th.

Insider Buying and Selling

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the sale, the chairman owned 150,000 shares of the company’s stock, valued at approximately $17,100,000. This represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 300,000 shares of company stock valued at $34,350,512 in the last quarter. Corporate insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Allegiant Travel

Several large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after buying an additional 106 shares during the last quarter. Signaturefd LLC grew its holdings in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after acquiring an additional 117 shares during the period. Millennium Management LLC raised its position in shares of Allegiant Travel by 0.5% in the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after acquiring an additional 134 shares in the last quarter. FourThought Financial Partners LLC lifted its stake in shares of Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 137 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Allegiant Travel by 4.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,759 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 176 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Trading Up 3.7%

Shares of ALGT stock opened at $106.50 on Friday. The stock’s fifty day simple moving average is $95.00 and its 200 day simple moving average is $76.25. Allegiant Travel has a twelve month low of $39.80 and a twelve month high of $118.00. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $1.95 billion, a P/E ratio of -41.44, a P/E/G ratio of 0.24 and a beta of 1.64.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.