Allegiant Travel (NASDAQ:ALGT) Trading Down 5.5% – Should You Sell?

Allegiant Travel Company (NASDAQ:ALGT)’s share price traded down 5.5% on Thursday . The stock traded as low as $102.29 and last traded at $103.67. 47,679 shares changed hands during trading, a decline of 92% from the average session volume of 590,469 shares. The stock had previously closed at $109.76.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Evercore lifted their target price on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Zacks Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Friday, December 12th. Bank of America upgraded shares of Allegiant Travel from an “underperform” rating to a “neutral” rating and raised their target price for the company from $55.00 to $95.00 in a report on Tuesday, January 6th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 price target on shares of Allegiant Travel in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.18.

Allegiant Travel Trading Down 5.2%

The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -40.58, a price-to-earnings-growth ratio of 0.27 and a beta of 1.64. The business’s 50 day moving average price is $92.76 and its 200-day moving average price is $74.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.95 and a current ratio of 0.98.

Insiders Place Their Bets

In other news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the transaction, the chairman owned 150,000 shares in the company, valued at approximately $17,100,000. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 300,000 shares of company stock valued at $34,350,512 over the last three months. Corporate insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently bought and sold shares of ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Allegiant Travel by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after purchasing an additional 394 shares during the last quarter. CWM LLC increased its stake in Allegiant Travel by 129.2% in the second quarter. CWM LLC now owns 5,865 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 3,306 shares during the period. Envestnet Asset Management Inc. bought a new stake in Allegiant Travel in the second quarter valued at $205,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Allegiant Travel by 762.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 35,577 shares of the transportation company’s stock worth $1,955,000 after buying an additional 31,453 shares in the last quarter. Finally, Emerald Advisers LLC raised its holdings in shares of Allegiant Travel by 15.9% in the second quarter. Emerald Advisers LLC now owns 345,731 shares of the transportation company’s stock valued at $18,998,000 after buying an additional 47,445 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.