Allegiant Travel Company (NASDAQ:ALGT) EVP Jude Bricker sold 4,421 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $158.67, for a total transaction of $701,480.07. Following the sale, the executive vice president now owns 21,569 shares of the company’s stock, valued at approximately $3,422,353.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Allegiant Travel Company (NASDAQ:ALGT) traded down 0.09% during trading on Monday, reaching $159.85. 91,189 shares of the company’s stock were exchanged. The company’s 50-day moving average is $167.91 and its 200 day moving average is $157.94. Allegiant Travel Company has a 52 week low of $121.70 and a 52 week high of $183.91. The stock has a market capitalization of $2.62 billion, a PE ratio of 12.10 and a beta of -0.20.
Allegiant Travel Company (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.08. The business earned $335.90 million during the quarter, compared to analyst estimates of $333.25 million. Allegiant Travel Company had a net margin of 16.11% and a return on equity of 54.38%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.38 earnings per share. On average, analysts forecast that Allegiant Travel Company will post $10.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, March 3rd were paid a $0.70 dividend. The ex-dividend date was Wednesday, March 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. Allegiant Travel Company’s dividend payout ratio (DPR) is presently 21.21%.
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A number of brokerages recently weighed in on ALGT. Cowen and Company increased their price target on shares of Allegiant Travel Company from $160.00 to $162.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 1st. Stifel Nicolaus cut shares of Allegiant Travel Company from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $173.00 in a research note on Wednesday, January 11th. Zacks Investment Research cut shares of Allegiant Travel Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 20th. Credit Suisse Group AG set a $132.00 price target on shares of Allegiant Travel Company and gave the stock a “hold” rating in a research note on Wednesday, November 30th. Finally, Wolfe Research cut shares of Allegiant Travel Company from an “outperform” rating to a “market perform” rating in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $173.44.
Several hedge funds have recently modified their holdings of the company. Capital Research Global Investors bought a new stake in shares of Allegiant Travel Company during the third quarter worth about $40,082,000. Ardevora Asset Management LLP bought a new stake in shares of Allegiant Travel Company during the fourth quarter worth about $27,672,000. Investment Counselors of Maryland LLC raised its stake in shares of Allegiant Travel Company by 1,674.9% in the third quarter. Investment Counselors of Maryland LLC now owns 122,909 shares of the company’s stock worth $16,233,000 after buying an additional 115,984 shares during the period. Norges Bank bought a new stake in shares of Allegiant Travel Company during the fourth quarter worth about $11,706,000. Finally, BlackRock Fund Advisors raised its stake in shares of Allegiant Travel Company by 7.9% in the third quarter. BlackRock Fund Advisors now owns 894,193 shares of the company’s stock worth $118,096,000 after buying an additional 65,144 shares during the period. Institutional investors and hedge funds own 79.27% of the company’s stock.
About Allegiant Travel Company
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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