Allegiant Travel Co. (NASDAQ:ALGT) CFO Scott Sheldon sold 2,596 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $153.70, for a total transaction of $399,005.20. Following the completion of the sale, the chief financial officer now owns 20,964 shares of the company’s stock, valued at $3,222,166.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Allegiant Travel Co. (NASDAQ:ALGT) opened at 161.25 on Tuesday. Allegiant Travel Co. has a 52 week low of $121.70 and a 52 week high of $204.46. The firm’s 50-day moving average is $144.63 and its 200 day moving average is $141.32. The company has a market capitalization of $2.64 billion, a PE ratio of 11.42 and a beta of -0.27.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Allegiant Travel had a net margin of 17.57% and a return on equity of 60.20%. The company earned $33.50 million during the quarter, compared to the consensus estimate of $84.35 million. During the same quarter last year, the firm posted $2.62 EPS. The company’s quarterly revenue was down 88.8% on a year-over-year basis. On average, analysts anticipate that Allegiant Travel Co. will post $13.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, November 21st. Allegiant Travel’s payout ratio is 19.86%.

A number of research analysts have weighed in on the stock. Raymond James Financial Inc. lowered shares of Allegiant Travel from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Imperial Capital assumed coverage on shares of Allegiant Travel in a research report on Friday, October 7th. They set an “outperform” rating and a $164.00 target price for the company. Credit Suisse Group AG set a $133.00 target price on shares of Allegiant Travel and gave the stock a “hold” rating in a research report on Tuesday, September 13th. Zacks Investment Research lowered shares of Allegiant Travel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 24th. Finally, Cowen and Company cut their target price on shares of Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating for the company in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $172.82.

Several hedge funds have recently made changes to their positions in ALGT. BlackRock Inc. increased its stake in shares of Allegiant Travel by 157.9% in the first quarter. BlackRock Inc. now owns 820 shares of the company’s stock valued at $146,000 after buying an additional 502 shares during the last quarter. State Street Corp increased its stake in shares of Allegiant Travel by 2.7% in the first quarter. State Street Corp now owns 305,666 shares of the company’s stock valued at $54,424,000 after buying an additional 8,024 shares during the last quarter. UBS Group AG increased its stake in shares of Allegiant Travel by 314.1% in the first quarter. UBS Group AG now owns 9,040 shares of the company’s stock valued at $1,610,000 after buying an additional 6,857 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Allegiant Travel by 26.9% in the first quarter. Goldman Sachs Group Inc. now owns 51,317 shares of the company’s stock valued at $9,138,000 after buying an additional 10,882 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Allegiant Travel by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 8,098 shares of the company’s stock valued at $1,442,000 after buying an additional 27 shares during the last quarter. 80.25% of the stock is owned by institutional investors and hedge funds.

About Allegiant Travel

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.

5 Day Chart for NASDAQ:ALGT

Receive News & Stock Ratings for Allegiant Travel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel Co. and related stocks with our FREE daily email newsletter.