Weekly Analysts’ Ratings Changes for Allegiant Travel (ALGT)

Allegiant Travel (NASDAQ: ALGT) recently received a number of ratings updates from brokerages and research firms:

• 1/4/2025 – Allegiant Travel was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/30/2024 – Allegiant Travel had its price target raised by analysts at Raymond James from $75.00 to $110.00. They now have an “outperform” rating on the stock.
• 12/27/2024 – Allegiant Travel was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/19/2024 – Allegiant Travel was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/17/2024 – Allegiant Travel had its price target raised by analysts at TD Cowen from $50.00 to $70.00. They now have a “hold” rating on the stock.
• 12/11/2024 – Allegiant Travel had its price target raised by analysts at Morgan Stanley from $80.00 to $90.00. They now have an “equal weight” rating on the stock.
• 11/26/2024 – Allegiant Travel is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $16.00 price target on the stock.
• 11/15/2024 – Allegiant Travel had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $83.00 price target on the stock.
• 11/14/2024 – Allegiant Travel had its price target raised by analysts at Barclays PLC from $50.00 to $75.00. They now have an “equal weight” rating on the stock.

Allegiant Travel Stock Performance

Shares of ALGT opened at $93.93 on Monday. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $96.93. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.72 billion, a P/E ratio of -62.62, a P/E/G ratio of 7.17 and a beta of 1.67. The business’s 50 day moving average price is $79.70 and its 200-day moving average price is $59.53.

Insiders Place Their Bets

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the sale, the chairman now owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,304 shares of company stock valued at $2,459,900. 15.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Allegiant Travel

A number of large investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings in Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after buying an additional 304 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Allegiant Travel by 53.5% in the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after acquiring an additional 236 shares during the period. NBC Securities Inc. increased its position in Allegiant Travel by 2,827.9% during the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in Allegiant Travel by 170.6% during the second quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 1,590 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

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.