Allegiant Travel (NASDAQ:ALGT – Get Free Report) COO Keny Frank Wilper sold 296 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $55.96, for a total transaction of $16,564.16. Following the sale, the chief operating officer now directly owns 17,398 shares in the company, valued at $973,592.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Keny Frank Wilper also recently made the following trade(s):
- On Monday, August 19th, Keny Frank Wilper sold 403 shares of Allegiant Travel stock. The stock was sold at an average price of $39.17, for a total transaction of $15,785.51.
Allegiant Travel Stock Up 5.1 %
ALGT opened at $57.81 on Friday. Allegiant Travel has a one year low of $36.08 and a one year high of $85.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.74. The stock has a market capitalization of $1.05 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 6.10 and a beta of 1.65. The business’s 50-day simple moving average is $44.37 and its 200-day simple moving average is $51.97.
Analyst Upgrades and Downgrades
ALGT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $53.00 in a research note on Monday, July 8th. Susquehanna cut their target price on shares of Allegiant Travel from $55.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Barclays cut 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 research note on Wednesday, July 10th. Morgan Stanley cut their target price on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Finally, TD Cowen upped their target price on shares of Allegiant Travel from $33.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.25.
Read Our Latest Research Report on ALGT
Institutional Trading of Allegiant Travel
Large investors have recently bought and sold shares of the business. ProShare Advisors LLC boosted its holdings in shares of Allegiant Travel by 6.9% in the first quarter. ProShare Advisors LLC now owns 3,155 shares of the transportation company’s stock valued at $237,000 after acquiring an additional 203 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of Allegiant Travel by 5.7% in the first quarter. 180 Wealth Advisors LLC now owns 7,291 shares of the transportation company’s stock valued at $548,000 after acquiring an additional 392 shares in the last quarter. Privium Fund Management UK Ltd boosted its holdings in shares of Allegiant Travel by 4.5% in the second quarter. Privium Fund Management UK Ltd now owns 10,191 shares of the transportation company’s stock valued at $504,000 after acquiring an additional 438 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of Allegiant Travel by 10.6% in the second quarter. SeaCrest Wealth Management LLC now owns 5,560 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 535 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Allegiant Travel by 7.9% in the second quarter. Harbor Capital Advisors Inc. now owns 7,591 shares of the transportation company’s stock valued at $381,000 after acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds own 85.81% 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.
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