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Allegiant Travel (NASDAQ:ALGT) Reaches New 12-Month Low at $93.30

Defense World · Sep 18, 2022 01:32

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.

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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.

Allegiant Travel (NASDAQ:ALGT – Get Rating) last issued its earnings results on Wednesday, August 3rd. The transportation company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.44). Allegiant Travel had a net margin of 2.23% and a return on equity of 3.51%. During the same quarter last year, the business posted $3.46 earnings per share. Equities analysts expect that Allegiant Travel will post 1.83 EPS for the current year.

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

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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.