Keny Frank Wilper Sells 296 Shares of Allegiant Travel (NASDAQ:ALGT) Stock

Allegiant Travel (NASDAQ:ALGT) 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.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.93. The company had revenue of $666.28 million during the quarter, compared to analysts’ expectations of $657.74 million. Allegiant Travel had a positive return on equity of 3.48% and a negative net margin of 0.57%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.35 earnings per share. Analysts anticipate that Allegiant Travel will post 0.97 EPS for the current year.

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.

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.