Allegiant Travel (NASDAQ:ALGT) CEO Maurice J. Gallagher, Jr. sold 71,678 shares of Allegiant Travel stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $165.54, for a total transaction of $11,865,576.12. Following the completion of the transaction, the chief executive officer now directly owns 3,071,196 shares in the company, valued at approximately $508,405,785.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Allegiant Travel (NASDAQ ALGT) traded down $2.35 during mid-day trading on Wednesday, reaching $166.60. 238,091 shares of the company were exchanged, compared to its average volume of 144,727. The company has a market capitalization of $2,680.00, a price-to-earnings ratio of 17.72 and a beta of 0.16. 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 fifty-two week low of $111.54 and a fifty-two week high of $180.40.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The firm had revenue of $348.80 million for the quarter, compared to analyst estimates of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 EPS. equities analysts anticipate that Allegiant Travel will post 8.62 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a research report on Tuesday. Bank of America raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, January 9th. BidaskClub lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Deutsche Bank raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $180.00 in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Allegiant Travel has a consensus rating of “Hold” and an average price target of $157.09.

A number of institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its holdings in Allegiant Travel by 7.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 88,720 shares of the transportation company’s stock valued at $13,730,000 after buying an additional 6,347 shares during the period. RK Asset Management LLC increased its holdings in Allegiant Travel by 1.8% in the 4th quarter. RK Asset Management LLC now owns 43,982 shares of the transportation company’s stock valued at $6,806,000 after buying an additional 767 shares during the period. California Public Employees Retirement System increased its holdings in Allegiant Travel by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 28,801 shares of the transportation company’s stock valued at $3,793,000 after buying an additional 701 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in Allegiant Travel by 47.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock valued at $166,000 after buying an additional 402 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Allegiant Travel in the 3rd quarter valued at $408,000. 86.16% of the stock is currently owned by hedge funds and other institutional investors.

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Allegiant Travel Company Profile

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.

Insider Buying and Selling by Quarter for Allegiant Travel (NASDAQ:ALGT)

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