Allegiant Travel (NASDAQ:ALGT)‘s stock had its “in-line” rating reaffirmed by Imperial Capital in a research note issued on Thursday, MarketBeat reports. They currently have a $165.00 price target on the transportation company’s stock, up from their previous price target of $150.00. Imperial Capital’s price objective points to a potential upside of 4.10% from the stock’s current price. Imperial Capital also issued estimates for Allegiant Travel’s Q4 2018 earnings at $2.68 EPS.
Several other equities analysts also recently commented on the stock. Wolfe Research raised shares of Allegiant Travel from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. Stifel Nicolaus increased their price objective on shares of Allegiant Travel from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. BidaskClub downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Bank of America raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $161.55.
Allegiant Travel (NASDAQ ALGT) opened at $158.50 on Thursday. The company has a market cap of $2,550.00, a P/E ratio of 16.86, a P/E/G ratio of 0.51 and a beta of 0.17. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. Allegiant Travel has a 52 week low of $111.54 and a 52 week high of $178.20.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $2.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.93. The business had revenue of $378.56 million during the quarter, compared to the consensus estimate of $377.25 million. Allegiant Travel had a net margin of 12.96% and a return on equity of 32.60%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 EPS. equities analysts expect that Allegiant Travel will post 10.97 earnings per share for the current year.
In other news, CEO Maurice J. Gallagher, Jr. sold 16,018 shares of the stock in a transaction on Friday, December 28th. The shares were sold at an average price of $155.82, for a total transaction of $2,495,924.76. Following the completion of the sale, the chief executive officer now directly owns 3,144,674 shares in the company, valued at $490,003,102.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Ellmer sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $148.85, for a total transaction of $148,850.00. Following the sale, the director now owns 2,120 shares of the company’s stock, valued at $315,562. The disclosure for this sale can be found here. Insiders have sold 288,696 shares of company stock valued at $47,742,513 in the last ninety days. Insiders own 22.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ALGT. Teachers Advisors LLC grew its holdings in Allegiant Travel by 3.8% in the second quarter. Teachers Advisors LLC now owns 23,901 shares of the transportation company’s stock worth $3,241,000 after purchasing an additional 880 shares during the period. Amalgamated Bank grew its holdings in Allegiant Travel by 4.4% in the second quarter. Amalgamated Bank now owns 1,823 shares of the transportation company’s stock worth $247,000 after purchasing an additional 77 shares during the period. Profund Advisors LLC grew its holdings in Allegiant Travel by 55.6% in the second quarter. Profund Advisors LLC now owns 2,730 shares of the transportation company’s stock worth $370,000 after purchasing an additional 976 shares during the period. Thrivent Financial For Lutherans grew its holdings in Allegiant Travel by 6.9% in the second quarter. Thrivent Financial For Lutherans now owns 7,900 shares of the transportation company’s stock worth $1,071,000 after purchasing an additional 510 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Allegiant Travel by 217.0% in the second quarter. New York State Common Retirement Fund now owns 64,921 shares of the transportation company’s stock worth $8,803,000 after purchasing an additional 44,439 shares during the period. Institutional investors own 85.90% of the company’s stock.
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About Allegiant Travel
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.
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