Allegiant Travel Company (NASDAQ:ALGT) Receives Average Rating of “Hold” from Analysts

Allegiant Travel Company (NASDAQ:ALGT) has earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $97.9091.

ALGT has been the subject of several analyst reports. Wall Street Zen upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Morgan Stanley raised their target price on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Zacks Research raised Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Barclays boosted their price target on Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Finally, Susquehanna reissued a “positive” rating and issued a $110.00 price target on shares of Allegiant Travel in a research note on Friday, February 6th.

Insiders Place Their Bets

In other Allegiant Travel 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 transaction, the chairman owned 150,000 shares of the company’s stock, valued at approximately $17,100,000. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALGT. MidFirst Bank bought a new stake in Allegiant Travel during the fourth quarter worth approximately $114,000. XTX Topco Ltd acquired a new stake in Allegiant Travel in the fourth quarter worth approximately $1,703,000. Susquehanna Fundamental Investments LLC boosted its stake in Allegiant Travel by 196.6% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 29,572 shares of the transportation company’s stock valued at $2,522,000 after purchasing an additional 19,601 shares in the last quarter. Millennium Management LLC boosted its stake in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 134 shares in the last quarter. Finally, Man Group plc increased its position in shares of Allegiant Travel by 16.0% during the 4th quarter. Man Group plc now owns 29,488 shares of the transportation company’s stock valued at $2,514,000 after purchasing an additional 4,065 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $76.56 on Tuesday. The company has a 50-day moving average price of $92.94 and a two-hundred day moving average price of $79.97. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $118.00. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -29.79, a price-to-earnings-growth ratio of 0.19 and a beta of 1.55. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60.

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.