Sandra Douglass Morgan Sells 350 Shares of Allegiant Travel (NASDAQ:ALGT) Stock

Allegiant Travel (NASDAQ:ALGT) Director Sandra Douglass Morgan sold 350 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the sale, the director now owns 11,650 shares in the company, valued at $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $81.02 on Friday. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $86.94. The firm has a market cap of $1.49 billion, a P/E ratio of -54.01, a PEG ratio of 6.95 and a beta of 1.61. The stock has a fifty day moving average price of $63.65 and a two-hundred day moving average price of $53.12. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALGT shares. Evercore ISI upped their price objective on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. UBS Group initiated coverage on shares of Allegiant Travel in a research report on Tuesday. They set a “neutral” rating and a $16.00 price target for the company. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 target price on shares of Allegiant Travel in a research report on Friday, November 15th. Finally, TD Cowen boosted their price objective on Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $65.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Allegiant Travel by 149.2% in the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 273 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Allegiant Travel by 136.9% during the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 304 shares during the last quarter. Innealta Capital LLC acquired a new stake in Allegiant Travel during the second quarter valued at approximately $34,000. CWM LLC boosted its holdings in Allegiant Travel by 275.1% during the second quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock worth $64,000 after buying an additional 930 shares in the last quarter. Finally, NBC Securities Inc. grew its position in Allegiant Travel by 2,827.9% in the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after buying an additional 1,216 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

About Allegiant Travel

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.