Allegiant Travel (NASDAQ:ALGT – Get Rating)'s share price hit a new 52-week low on Friday . The company traded as low as $93.30 and last traded at $93.30, with a volume of 700 shares. The stock had previously closed at $96.77.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ALGT shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Allegiant Travel from $245.00 to $190.00 in a research report on Thursday, August 4th. Raymond James raised shares of Allegiant Travel from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Thursday, September 8th. Barclays decreased their price objective on shares of Allegiant Travel from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, August 10th. StockNews.com raised shares of Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Tuesday, September 6th. Finally, Morgan Stanley decreased their price objective on shares of Allegiant Travel from $237.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, August 24th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $168.60.

Allegiant Travel Trading Down 5.9 %

The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 35.44 and a beta of 1.52. The business's 50 day moving average price is $106.53 and its 200-day moving average price is $130.89. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.49 and a current ratio of 1.53.

Insider Activity

In related news, CMO Scott Wayne Deangelo sold 500 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $112.89, for a total transaction of $56,445.00. Following the sale, the chief marketing officer now owns 8,035 shares in the company, valued at $907,071.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Scott Sheldon sold 914 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $114.77, for a total transaction of $104,899.78. Following the sale, the chief operating officer now owns 38,680 shares in the company, valued at $4,439,303.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Scott Wayne Deangelo sold 500 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $112.89, for a total transaction of $56,445.00. Following the sale, the chief marketing officer now owns 8,035 shares in the company, valued at approximately $907,071.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,896 shares of company stock worth $521,593. 15.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rather & Kittrell Inc. bought a new position in Allegiant Travel in the 4th quarter worth about $32,000. Cyrus J. Lawrence LLC bought a new position in Allegiant Travel in the 1st quarter worth about $32,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Allegiant Travel by 58.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the transportation company's stock worth $43,000 after purchasing an additional 98 shares during the last quarter. Strs Ohio bought a new position in Allegiant Travel in the 2nd quarter worth about $56,000. Finally, Meeder Asset Management Inc. bought a new position in Allegiant Travel in the 1st quarter worth about $65,000. Institutional investors own 87.18% of the company's stock.

Allegiant Travel Company Profile

(Get Rating)

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 14, 2022, it operated a fleet of 110 Airbus A320 series aircraft.

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