[ad_1]
Loyalty Travel (NASDAQ:ALGT – Earn Rank) Investment analysts at StockNews.com were upgraded from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Several other brokerages have also issued reports on ALGT. Morgan Stanley lowered Allegiant Travel from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $175.00 to $115.00 in a research report on Monday, December 5th. Cowen lowered Allegiant Travel from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. In a report on Thursday, December 15th. TheStreet downgraded Allegiant Travel from a “c-” rating to a “d” rating in a report on Thursday, November 3rd. Cowen boosted their target price on Allegiant Travel from $80.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Finally, Barclays cut their price target on Allegiant Travel from $100.00 to $96.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Allegiant Travel has an average rating of “Hold” and an average target price of 102.00, according to data from MarketBeat.com.
Reliable travel price performance
Shares of NASDAQ ALGT opened at $96.21 on Thursday. Allegiant Travel has a twelve month low of $62.94 and a twelve month high of $185.06. The company has a current ratio of 1.32, a quick ratio of 1.27, and a debt-equity ratio of 1.55. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 1,069.12 and a beta of 1.63. The business has a 50-day simple moving average of $77.72 and a 200-day simple moving average of $84.31.
Insider buying and selling on Allegiant travel
In other Allegiant Travel news, CMO Scott Wayne DeAngelo sold 1,250 shares of Allegiant Travel 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 completion of the transaction, the chief marketing officer now owns 15,106 shares in the company, valued at approximately $1,047,903.22. The sale was disclosed in an SEC filing, which is available on the SEC’s website. In other news, COO Kenny Frank Wilper sold 503 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock traded at an average price of $98.03, for a total value of $49,309.09. Following the sale, the chief operating officer now directly owns 6,627 shares in the company, valued at $649,644.81. The sale was disclosed in an SEC filing, which is accessible through the SEC website. Also, CMO Scott Wayne Deangelo sold 1,250 shares of the company’s stock in a transaction dated 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 owns 15,106 shares in the company, valued at approximately $1,047,903.22. A description of this sale can be found here. Insiders sold 9,057 shares of company stock worth $842,391 in the last quarter. 15.10% of the stock’s assets are currently held by insiders.
Hajj funds are weighted towards a faithful journey.
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates boosted its position in Allegiant Travel by 28.7% during the fourth quarter. Raymond James & Associates now owns 4,503 shares of the transportation company’s stock worth $306,000 after buying an additional 1,004 shares in the last quarter. UBS Group AG lifted its holdings in shares of Allegiant Travel by 255.6% during the 4th quarter. UBS Group AG now owns 9,733 shares of the transportation company’s stock valued at $662,000 after acquiring an additional 6,996 shares during the last quarter. First Pacific Advisors LP lifted its holdings in shares of Allegiant Travel by 30.1% during the 4th quarter. First Pacific Advisors LP now owns 24,810 shares of the transportation company’s stock valued at $1,687,000 after acquiring an additional 5,747 shares during the last quarter. Synoves Financial Corp lifted its holdings in shares of Allegiant Travel by 5.3% in the 4th quarter. Synoves Financial Corp now owns 5,326 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 268 shares in the last quarter. Finally, US Global Investors Inc. lifted its position in Allegiant Travel by 26.5% during the 4th quarter. US Global Investors Inc now owns 849,473 shares of the transportation company’s stock worth $57,756,000 after buying an additional 178,000 shares in the last quarter. Institutional investors and hedge funds own 85.77% of the company.
Profile of a reliable travel company
(get rank)
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.
Read more
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 a “Hold” rating among analysts, top ratings analysts believe these five stocks are better buys.
Check out the five stocks here
[ad_2]
Source link
