Allegiant Travel (NASDAQ:ALGT) Stock Rating Lowered by ValuEngine
Several other analysts also recently weighed in on the company. BidaskClub upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley increased their price objective on shares of Allegiant Travel from $132.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Buckingham Research lifted their price objective on shares of Allegiant Travel from $186.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Sidoti boosted their price objective on shares of Allegiant Travel from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Citigroup upped their target price on Allegiant Travel from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $164.00.
ALGT traded down $1.75 during trading on Tuesday, hitting $147.20. 163,534 shares of the stock were exchanged, compared to its average volume of 173,959. The firm has a 50 day simple moving average of $145.48 and a 200 day simple moving average of $139.92. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.34 and a beta of 0.91. Allegiant Travel has a 1 year low of $98.18 and a 1 year high of $157.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.24 and a current ratio of 1.29.
In other news, CEO Maurice J. Gallagher, Jr. sold 4,222 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $148.17, for a total transaction of $625,573.74. Following the transaction, the chief executive officer now owns 2,920,954 shares in the company, valued at $432,797,754.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 19,269 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $151.14, for a total transaction of $2,912,316.66. Following the transaction, the chief executive officer now owns 2,901,373 shares in the company, valued at approximately $438,513,515.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,000 shares of company stock valued at $11,713,663. 20.90% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Commerce Bank lifted its stake in shares of Allegiant Travel by 14.5% during the first quarter. Commerce Bank now owns 3,672 shares of the transportation company’s stock worth $475,000 after buying an additional 464 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Allegiant Travel by 5.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,051 shares of the transportation company’s stock valued at $395,000 after purchasing an additional 157 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Allegiant Travel during the 1st quarter valued at about $258,000. GW&K Investment Management LLC increased its holdings in shares of Allegiant Travel by 7.8% in the second quarter. GW&K Investment Management LLC now owns 183,507 shares of the transportation company’s stock valued at $26,333,000 after purchasing an additional 13,301 shares during the period. Finally, U S Global Investors Inc. increased its holdings in shares of Allegiant Travel by 78.4% in the first quarter. U S Global Investors Inc. now owns 51,020 shares of the transportation company’s stock valued at $5,769,000 after purchasing an additional 22,429 shares during the period. 80.71% of the stock is currently owned by institutional investors.
Allegiant Travel Company Profile
Allegiant Travel Company, a leisure travel company, provides 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. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
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