Shares of Allegiant Travel (NASDAQ:ALGT - Get Free Report) rose 2.8% on Wednesday . The company traded as high as $62.72 and last traded at $62.24. Approximately 11,642 shares traded hands during trading, a decline of 95% from the average daily volume of 255,146 shares. The stock had previously closed at $60.52.
Analyst Ratings Changes
Several brokerages recently issued reports on ALGT. UBS Group began coverage on Allegiant Travel in a research note on Wednesday, March 20th. They set a "sell" rating and a $58.00 target price on the stock. Susquehanna lowered their target price on Allegiant Travel from $76.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 9th. Barclays lowered their price objective on shares of Allegiant Travel from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Friday, April 5th. TD Cowen boosted their price objective on Allegiant Travel from $82.00 to $85.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 6th. Finally, Raymond James reduced their price objective on Allegiant Travel from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $89.75.
Check Out Our Latest Report on Allegiant Travel
Allegiant Travel Stock Up 1.2 %
The firm has a market capitalization of $1.12 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.83 and a quick ratio of 0.80. The company's fifty day simple moving average is $72.16 and its 200-day simple moving average is $73.36.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.52. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The company had revenue of $611.00 million during the quarter, compared to analysts' expectations of $596.42 million. During the same quarter in the prior year, the company earned $3.17 EPS. Allegiant Travel's revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Allegiant Travel will post 5.22 EPS for the current year.
Allegiant Travel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.40 annualized dividend and a yield of 3.92%. Allegiant Travel's dividend payout ratio (DPR) is presently 37.97%.
Insider Buying and Selling at Allegiant Travel
In other Allegiant Travel news, Director Gary Ellmer sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $79.10, for a total value of $158,200.00. Following the completion of the transaction, the director now owns 8,490 shares of the company's stock, valued at approximately $671,559. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Allegiant Travel
Several institutional investors have recently modified their holdings of ALGT. GAMMA Investing LLC purchased a new stake in Allegiant Travel in the fourth quarter valued at $28,000. Lazard Asset Management LLC purchased a new stake in Allegiant Travel in the third quarter valued at $31,000. Castleview Partners LLC purchased a new stake in Allegiant Travel in the second quarter valued at $44,000. US Bancorp DE lifted its position in Allegiant Travel by 69.8% in the fourth quarter. US Bancorp DE now owns 574 shares of the transportation company's stock valued at $47,000 after acquiring an additional 236 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Allegiant Travel by 32.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 819 shares of the transportation company's stock valued at $56,000 after acquiring an additional 200 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.
About Allegiant Travel
(
Get Free Report)
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.
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