Allegiant Travel (NASDAQ:ALGT) Given New $93.00 Price Target at UBS Group

Allegiant Travel (NASDAQ:ALGT) had its target price increased by UBS Group from $90.00 to $93.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other research firms also recently commented on ALGT. Barclays increased their price objective on Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Wall Street Zen upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Sunday, December 28th. Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Allegiant Travel in a research note on Friday, February 6th. Citigroup cut their price target on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.91.

Allegiant Travel Stock Up 6.9%

ALGT opened at $82.34 on Monday. Allegiant Travel has a fifty-two week low of $39.80 and a fifty-two week high of $118.00. The business has a 50-day moving average of $93.60 and a 200-day moving average of $79.31. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.95 and a quick ratio of 0.92. The company has a market capitalization of $1.52 billion, a PE ratio of -32.04, a price-to-earnings-growth ratio of 0.18 and a beta of 1.55.

Insiders Place Their Bets

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total value of $98,154.00. Following the completion of the sale, the chairman directly owned 150,000 shares of the company’s stock, valued at $17,100,000. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 300,000 shares of company stock valued at $34,350,512. 14.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Allegiant Travel by 4.1% during the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after buying an additional 66,596 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Allegiant Travel by 11.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,506,633 shares of the transportation company’s stock valued at $82,789,000 after acquiring an additional 156,186 shares during the period. Dimensional Fund Advisors LP raised its holdings in Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after acquiring an additional 7,228 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Allegiant Travel by 5.7% in the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock worth $41,829,000 after acquiring an additional 37,205 shares during the period. Finally, Par Capital Management Inc. lifted its position in shares of Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after acquiring an additional 58,566 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Company Profile

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.