Allegiant Travel Company (NASDAQ:ALGT) Receives $97.91 Consensus PT from Analysts

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

ALGT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Friday, December 12th. Raymond James Financial lowered shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $78.00 to $98.00 in a research note on Friday, December 19th. Evercore increased their price target 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. Susquehanna restated a “positive” rating and set a $110.00 price objective on shares of Allegiant Travel in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, January 21st.

Allegiant Travel Trading Down 1.1%

Shares of Allegiant Travel stock opened at $83.93 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.95 and a quick ratio of 0.92. The business has a fifty day simple moving average of $93.42 and a two-hundred day simple moving average of $79.52. Allegiant Travel has a 1 year low of $39.80 and a 1 year high of $118.00. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -32.66, a P/E/G ratio of 0.20 and a beta of 1.56.

Insiders Place Their Bets

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of Allegiant Travel stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the sale, the chairman directly 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 document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 300,000 shares of company stock worth $34,350,512. Company insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. MidFirst Bank acquired a new stake in shares of Allegiant Travel during the fourth quarter worth $114,000. XTX Topco Ltd acquired a new position in shares of Allegiant Travel in the fourth quarter valued at about $1,703,000. Susquehanna Fundamental Investments LLC grew its stake in shares of Allegiant Travel by 196.6% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 29,572 shares of the transportation company’s stock valued at $2,522,000 after acquiring an additional 19,601 shares in the last quarter. Millennium Management LLC increased its position in Allegiant Travel by 0.5% during the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after acquiring an additional 134 shares during the period. Finally, Man Group plc increased its position in Allegiant Travel by 16.0% during the fourth quarter. Man Group plc now owns 29,488 shares of the transportation company’s stock worth $2,514,000 after acquiring an additional 4,065 shares during the period. Institutional investors own 85.81% of the company’s stock.

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.