[ad_1]
Allegiant Travel (NASDAQ:ALGT – Ratings ) was the recipient of a large increase in short interest in August. In the year Short interest totaled 588,100 shares as of August 31st, a 9.5% increase from the August 15th total of 537,000 shares. Based on an average daily trading volume of 232,800 shares, the short interest ratio is currently 2.5 days. Approximately 3.8% of the company’s shares are sold short.
Wall Street analysts forecast growth
ALGT has been the topic of several research reports. Raymond James raised Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Thursday, September 8th. StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on Allegiant Travel from $245.00 to $190.00 in a research note on Thursday, August 4th. Evercore ISI decreased their price objective on Allegiant Travel from $175.00 to $150.00 and set a “in-line” rating for the company in a research note on Monday, June 27th. Finally, Wolfe Research lowered Allegiant Travel from an “outperform” rating to an “equal perform” rating and set a $116.00 price objective for the company. Friday, August 12th in a study note. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Allegiant Travel currently has an average rating of “Moderate Buy” and a target price of $168.60, according to MarketBeat.com.
Reliable travel price performance
Shares of NASDAQ ALGT opened at $91.07 on Monday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 35.44 and a beta of 1.52. The stock has a fifty day simple moving average of $106.53 and a two hundred day simple moving average of $130.67. Allegiant Travel has a 1-year low of $90.63 and a 1-year high of $215.48. The company has a current ratio of 1.53, a quick ratio of 1.49, and a debt-equity ratio of 1.46.
Allegiant Travel (NASDAQ:ALGT – Get Rating ) last posted its earnings results on Wednesday, August 3rd. The transportation company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.44). Allegiant Travel had a return on equity of 3.51% and a net margin of 2.23%. During the same period last year, the company posted $3.46 EPS. analysts anticipate that Allegiant Travel will post 1.83 earnings per share for the current year.
Insider buying and selling on Allegiant travel
In other news, CMO Scott Wayne DeAngelo sold 500 shares of the business’s stock in a transaction dated Friday, July 1st. The stock traded at an average price of $112.89, for a total value of $56,445.00. Following the transaction, the chief marketing officer now directly owns 8,035 shares of the company’s stock, valued at $907,071.15. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be found through the SEC’s website. In other news, CMO Scott Wayne DeAngelo sold 500 shares of the business’s stock in a transaction dated Friday, July 1st. The stock traded at an average price of $112.89, for a total value of $56,445.00. Following the transaction, the chief marketing officer now directly owns 8,035 shares of the company’s stock, valued at $907,071.15. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be found through the SEC’s website. Also, EVP Robert Paul Wilson 3rd sold 446 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares traded at an average price of $96.73, for a total value of $43,141.58. Following the completion of the transaction, the executive vice president now directly owns 23,961 shares in the company, valued at $2,317,747.53. A description of this sale can be found here. In the last quarter, insiders sold 4,896 shares of company stock worth $521,593. Insiders own 15.10% of the company.
Institutional investors weigh in on the loyalty journey.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Algiant Travel by 0.4% in the first quarter. BlackRock Inc. now owns 2,355,920 shares of the transportation company’s stock worth $382,578,000 after buying an additional 8,810 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Allegiant Travel by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,649,252 shares of the transportation company’s stock worth $267,823,000 after buying an additional 26,815 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Allegiant Travel by 220.5% in the second quarter. Price T. Rowe Associates Inc. MD now owns 1,330,668 shares of the transportation company’s stock worth $150,485,000 after buying an additional 915,511 shares in the last quarter. State Street Corp raised its position in shares of Allegiant Travel by 7.7% in the first quarter. State Street Corp now owns 643,363 shares of the transportation company’s stock worth $104,476,000 after buying an additional 46,220 shares in the last quarter. Finally, US Global Investors Inc. raised its position in Allegiant Travel by 18.3% during the first quarter. US Global Investors Inc. The now owns 616,869 shares of the transportation company’s stock valued at $100,173,000 after buying an additional 95,643 shares in the last quarter. Hedge funds and other institutional investors own 87.18 percent of the company.
About Algiant travel
(get rank)
Allegiant Travel Company, a leisure travel company, provides travel services and products to underserved cities in the United States. The company offers a limited frequency, scheduled air transportation program between unserved cities and leisure destinations. As of February 14, 2022, it has operated 110 Airbus A320 series aircraft.
Recommended stories
This quick news alert was created using Narrative Science technology and MarketBeat financial data to provide readers with fast and accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Allegiant Travel, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are whispering to their clients to buy now before the broader market catches up… and Allegiant Travel wasn’t on the list.
While Allegiant Travel currently has an “average buy” rating among analysts, the top ratings analysts believe these five stocks are better buys.
Check out the five stocks here
[ad_2]
Source link
