Allegiant Travel (NASDAQ:ALGT) Stock: Insider Gregory Clark Anderson Sells 2,640 Shares

Allegiant Travel Company (NASDAQ:ALGT) CEO Gregory Anderson sold 2,640 shares of Allegiant Travel stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $92.92, for a total transaction of $245,308.80. Following the completion of the transaction, the chief executive officer directly owned 118,209 shares in the company, valued at approximately $10,983,980.28. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allegiant Travel Trading Down 0.4%

NASDAQ:ALGT traded down $0.36 during midday trading on Friday, reaching $92.15. 325,435 shares of the stock traded hands, compared to its average volume of 551,530. The stock has a market capitalization of $2.52 billion, a P/E ratio of 28.27, a PEG ratio of 0.28 and a beta of 1.65. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.80 and a current ratio of 0.85. The company has a fifty day moving average of $77.18 and a 200 day moving average of $87.64. Allegiant Travel Company has a 12 month low of $61.36 and a 12 month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Wednesday, November 4th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.41. Allegiant Travel had a net margin of 1.65% and a return on equity of 11.95%. The business had revenue of $961.56 million for the quarter, compared to analyst estimates of $946.44 million. During the same quarter last year, the firm earned ($2.09) EPS. The company’s revenue was up 71.2% on a year-over-year basis. On average, research analysts predict that Allegiant Travel Company will post 6.72 EPS for the current year.

Institutional Investors Weigh In On Allegiant Travel

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Allegiant Travel in the 2nd quarter worth about $416,591,000. Donald Smith & CO. Inc. bought a new position in shares of Allegiant Travel in the 2nd quarter worth about $175,636,000. U S Global Investors Inc. lifted its position in Allegiant Travel by 10.6% during the 3rd quarter. U S Global Investors Inc. now owns 384,198 shares of the transportation company’s stock valued at $29,118,000 after acquiring an additional 36,953 shares during the period. Bank of New York Mellon Corp purchased a new position in Allegiant Travel during the 2nd quarter valued at about $33,013,000. Finally, Wellington Management Group LLP bought a new stake in Allegiant Travel during the second quarter worth about $26,232,000. Institutional investors own 85.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen cut Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barclays lowered their price target on Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Raymond James Financial reiterated a “strong-buy” rating and issued a $120.00 price objective on shares of Allegiant Travel in a report on Thursday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, November 4th. Finally, UBS Group upped their target price on Allegiant Travel from $107.00 to $120.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.15.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel company best known for operating Allegiant Air, a low-cost airline. The airline offers scheduled, nonstop flights connecting smaller and midsize U.S. cities with popular vacation destinations, along with optional services such as seat selection and baggage allowances. Allegiant’s route network is concentrated in the United States, with service tailored to leisure travelers and demand that can vary by season. The company also offers travel-related products, including hotel and rental-car bookings, to complement its flights.