Shares of Allegiant Travel (NASDAQ:ALGT – Get Rating ) have been given an average rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have reported on the stock in the last year is $102.33.
Several analysts have issued reports on ALGT shares. Barclays dropped their price objective on shares of Allegiant Travel from $100.00 to $96.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th. Deutsche Bank Aktingelsschaft downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating and reduced their price target for the stock from $106.00 to $75.00 in a research report on Tuesday, December 20th. Goldman Sachs Group initiated coverage on shares of Allegiant Travel in a research report on Friday, December 16th. They set a “buy” rating and a $96.00 price objective for the company. Susquehanna Bancshares decreased their price target on shares of Allegiant Travel from $140.00 to $110.00 in a research report on Tuesday, October 11th. Finally, Cowen downgraded shares of Allegiant Travel from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research report on Thursday, December 15th.
Insider buying and selling on Allegiant travel
In other Allegiant Travel news, CMO Scott Wayne DeAngelo sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock traded at an average price of $69.37, for a total value of $86,712.50. Following the sale, the chief marketing officer now directly owns 15,106 shares in the company, valued at $1,047,903.22. The transaction was disclosed in a filing with the Securities and Exchange Commission available through this link. 15.10% of the shares are currently held by company insiders.
Institutional investors weigh in on the loyalty journey.
A number of hedge funds have recently trimmed or reduced their stakes in the stock. Inspire Investing LLC lifted its holdings in shares of Allegiant Travel by 23.5% during the fourth quarter. Inspirit Investments LLC now owns 3,479 shares of the transportation company’s stock valued at $237,000 after buying an additional 662 shares in the last quarter. Oldfield Partners LLP boosted its holdings in shares of Allegiant Travel by 9.0% during the fourth quarter. Oldfield Partners LLP now owns 37,400 shares of the transportation company’s stock valued at $2,543,000 after buying an additional 3,100 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Allegiant Travel by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 10,890 shares of the transportation company’s stock valued at $740,000 after purchasing an additional 190 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a stake in shares of Allegiant Travel during the third quarter valued at about $292,000. Finally, Capital Impact Advisors LLC lifted its stake in shares of Allegiant Travel by 23.1% during the third quarter. Capital Impact Advisors LLC now owns 4,839 shares of the transportation company’s stock valued at $375,000 after buying an additional 909 shares in the last quarter. Currently, 85.77% of the stock is owned by institutional investors.
Loyalty Travel Business 2.3%
NASDAQ ALGT opened at $86.21 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.27 and a current ratio of 1.32. Allegiant Travel has a one year low of $62.94 and a one year high of $186.86. The company’s 50-day moving average is $75.51, and its 200-day moving average is $85.59. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -39.37 and a beta of 1.56.
Allegiant Travel (NASDAQ:ALGT – Get Rating ) last released its quarterly earnings data on Wednesday, November 2nd. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.07). Allegiant Travel had a negative net margin of 1.80% and a positive return on equity of 1.68%. The company had revenue of $560.33 million for the quarter, compared to analyst estimates of $556.65 million. On average, sell-side analysts predict that Allegiant Travel will post 0.83 EPS for the current year.
About Algiant travel
Allegiant Travel Co. is engaged in providing travel services. Its proposed services include air transportation, air-related travel services and products, third-party travel products, and fixed-fee contract air transportation. It operates through the following segments: Airlines, Sun Resorts and Other Non-Airlines.
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