Allegiant Travel (NASDAQ:ALGT) Sets New 12-Month Low at $54.81

Allegiant Travel (NASDAQ:ALGT)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $54.81 and last traded at $55.05, with a volume of 44954 shares changing hands. The stock had previously closed at $56.74.

Analysts Set New Price Targets

ALGT has been the subject of several recent analyst reports. Susquehanna lowered their target price on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. UBS Group initiated coverage on shares of Allegiant Travel in a research report on Wednesday, March 20th. They set a “sell” rating and a $58.00 price objective for the company. Barclays lowered their price objective on shares of Allegiant Travel from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Raymond James lowered their price objective on shares of Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Finally, TD Cowen increased their price objective on shares of Allegiant Travel from $82.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Allegiant Travel presently has a consensus rating of “Hold” and an average target price of $89.75.

Allegiant Travel Trading Down 2.4 %

The firm has a market cap of $1.01 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.98 and a beta of 1.58. The business’s 50-day moving average is $68.66 and its two-hundred day moving average is $72.37. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.83 and a quick ratio of 0.80.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Monday, February 5th. The transportation company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.52. The business had revenue of $611.00 million during the quarter, compared to the consensus estimate of $596.42 million. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.17 earnings per share. As a group, analysts predict that Allegiant Travel will post 4.83 earnings per share for the current fiscal year.

Allegiant Travel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Wednesday, February 14th. Allegiant Travel’s dividend payout ratio (DPR) is currently 37.97%.

Insider Buying and Selling at Allegiant Travel

In other Allegiant Travel news, Director Gary Ellmer sold 2,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $79.10, for a total value of $158,200.00. Following the completion of the sale, the director now owns 8,490 shares in the company, valued at $671,559. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.50% of the company’s stock.

Institutional Trading of Allegiant Travel

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Allegiant Travel during the 4th quarter worth about $28,000. Tradewinds Capital Management LLC acquired a new stake in shares of Allegiant Travel during the 4th quarter worth about $83,000. Commerce Bank acquired a new stake in shares of Allegiant Travel during the 4th quarter worth about $201,000. Everence Capital Management Inc. acquired a new stake in shares of Allegiant Travel during the 4th quarter worth about $208,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Allegiant Travel during the 4th quarter worth about $213,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.