Investment Analysts’ Recent Ratings Changes for Allegiant Travel (ALGT)

Posted by Trevor Kearing on Jan 24th, 2025

Allegiant Travel (NASDAQ: ALGT) recently received a number of ratings updates from brokerages and research firms:

1/17/2025 – Allegiant Travel had its price target raised by analysts at Bank of America Co. from $54.00 to $95.00. They now have an “underperform” rating on the stock.
1/16/2025 – Allegiant Travel had its price target raised by analysts at Barclays PLC from $85.00 to $100.00. They now have an “equal weight” rating on the stock.
1/15/2025 – Allegiant Travel was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
1/14/2025 – Allegiant Travel had its price target raised by analysts at The Goldman Sachs Group, Inc. from $83.00 to $92.00. They now have a “neutral” rating on the stock.
1/7/2025 – Allegiant Travel had its price target raised by analysts at Susquehanna from $60.00 to $105.00. They now have a “neutral” rating on the stock.
1/4/2025 – Allegiant Travel was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
12/30/2024 – Allegiant Travel had its price target raised by analysts at Raymond James from $75.00 to $110.00. They now have an “outperform” rating on the stock.
12/27/2024 – Allegiant Travel was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
12/19/2024 – Allegiant Travel was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
12/17/2024 – Allegiant Travel had its price target raised by analysts at TD Cowen from $50.00 to $70.00. They now have a “hold” rating on the stock.
12/11/2024 – Allegiant Travel had its price target raised by analysts at Morgan Stanley from $80.00 to $90.00. They now have an “equal weight” rating on the stock.
11/26/2024 – Allegiant Travel is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $16.00 price target on the stock.

Allegiant Travel Stock Performance

Allegiant Travel stock traded up $0.83 during mid-day trading on Friday, reaching $102.83. 98,530 shares of the stock traded hands, compared to its average volume of 276,764. The stock has a market capitalization of $1.89 billion, a PE ratio of -68.55, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $106.87. The business’s 50-day moving average is $88.71 and its 200-day moving average is $64.35.

Insider Activity at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the sale, the chairman now owns 2,147,730 shares in the company, valued at $181,397,275.80. This represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares of the company’s stock, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by company insiders.

Institutional Trading of Allegiant Travel

Several institutional investors have recently made changes to their positions in ALGT. Signaturefd LLC grew its position in shares of Allegiant Travel by 149.2% during the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of Allegiant Travel during the fourth quarter worth about $25,000. Nisa Investment Advisors LLC grew its position in shares of Allegiant Travel by 136.9% during the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Allegiant Travel by 53.5% during the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after purchasing an additional 236 shares in the last quarter. Finally, NBC Securities Inc. grew its position in shares of Allegiant Travel by 2,827.9% during the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after purchasing an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

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.