Allegiant Travel (NASDAQ:ALGT) had its price target cut by Buckingham Research from $165.00 to $155.00 in a report published on Wednesday. They currently have a buy rating on the transportation company’s stock.
Other equities research analysts have also issued research reports about the company. BidaskClub lowered Allegiant Travel from a strong-buy rating to a buy rating in a research report on Monday, June 18th. Stifel Nicolaus restated a buy rating and set a $160.00 price objective (down previously from $190.00) on shares of Allegiant Travel in a research report on Thursday, July 26th. Morgan Stanley reduced their price objective on Allegiant Travel from $164.00 to $156.00 and set an equal weight rating on the stock in a research report on Thursday, July 12th. Zacks Investment Research upgraded Allegiant Travel from a sell rating to a hold rating in a research report on Wednesday, July 11th. Finally, ValuEngine upgraded Allegiant Travel from a sell rating to a hold rating in a research report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $154.00.
Shares of ALGT stock opened at $119.73 on Wednesday. The firm has a market cap of $2.05 billion, a P/E ratio of 12.54, a PEG ratio of 0.49 and a beta of 0.13. Allegiant Travel has a twelve month low of $112.47 and a twelve month high of $181.45. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.83 and a current ratio of 0.87.
In other Allegiant Travel news, EVP Robert Paul Wilson III sold 380 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $135.01, for a total value of $51,303.80. Following the sale, the executive vice president now owns 17,816 shares in the company, valued at approximately $2,405,338.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALGT. Bayesian Capital Management LP bought a new stake in shares of Allegiant Travel in the 1st quarter valued at about $236,000. Raymond James & Associates grew its position in shares of Allegiant Travel by 41.2% in the 2nd quarter. Raymond James & Associates now owns 1,757 shares of the transportation company’s stock valued at $244,000 after buying an additional 513 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Allegiant Travel by 44.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,861 shares of the transportation company’s stock valued at $259,000 after buying an additional 569 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Allegiant Travel in the 2nd quarter valued at about $312,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Allegiant Travel in the 2nd quarter valued at about $370,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
Allegiant Travel Company Profile
Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.
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