Allegiant Travel (NASDAQ:ALGT – Get Free Report) 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.
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.
View Our Latest Research Report on Allegiant Travel
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.
Featured Articles
- Five stocks we like better than Allegiant Travel
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Invest in Insurance Companies: A Guide
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What is the Australian Securities Exchange (ASX)
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.