Keny Frank Wilper Sells 635 Shares of Allegiant Travel (NASDAQ:ALGT) Stock

Allegiant Travel (NASDAQ:ALGT) COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now owns 16,353 shares in the company, valued at $1,025,169.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Keny Frank Wilper also recently made the following trade(s):

• On Friday, October 4th, Keny Frank Wilper sold 296 shares of Allegiant Travel stock. The stock was sold at an average price of $55.96, for a total transaction of $16,564.16.
• 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 Down 2.3 %

ALGT stock opened at $62.28 on Friday. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $85.91. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.30. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 3.11 and a beta of 1.65. The company has a 50 day moving average of $49.55 and a two-hundred day moving average of $50.85.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.93. Allegiant Travel had a negative net margin of 0.57% and a positive return on equity of 3.48%. The company had revenue of $666.28 million during the quarter, compared to the consensus estimate of $657.74 million. During the same quarter in the prior year, the firm earned $4.35 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Allegiant Travel will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its stake in shares of Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. Innealta Capital LLC acquired a new position in Allegiant Travel in the 2nd quarter valued at $34,000. NBC Securities Inc. grew its stake in Allegiant Travel by 2,827.9% in the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after buying an additional 1,216 shares during the last quarter. Finally, CWM LLC grew its stake in Allegiant Travel by 275.1% in the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after buying an additional 930 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ALGT shares. Deutsche Bank Aktiengesellschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $53.00 in a research report on Monday, July 8th. Susquehanna upped their price target on shares of Allegiant Travel from $40.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI upped their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Morgan Stanley reduced their price target on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Finally, Barclays reduced their price target on shares of Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Allegiant Travel presently has a consensus rating of “Hold” and a consensus price target of $63.13.

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.