BidaskClub upgraded shares of Allegiant Travel (NASDAQ:ALGT) from a hold rating to a buy rating in a research note published on Tuesday morning, BidAskClub reports.
Several other equities research Imperial Capital reissued an outperform rating and set a $180.00 price target (up previously from $162.00) on shares of Allegiant Travel in a research report on Friday, April 26th. ValuEngine raised shares of Allegiant Travel from a strong sell rating to a sell rating in a research report on Tuesday, April 9th. Zacks Investment Research cut shares of Allegiant Travel from a buy rating to a hold rating in a research report on Tuesday, April 2nd. Macquarie upgraded shares of Allegiant Travel from a neutral rating to an outperform rating and set a $149.00 target price for the company in a report on Tuesday, March 26th. Finally, Deutsche Bank set a $160.00 target price on shares of Allegiant Travel and gave the stock a buy rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Allegiant Travel has a consensus rating of Buy and an average target price of $153.08.
Get Allegiant Travel alerts: Shares of ALGT opened at $147.26 on Tuesday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 14.73 and a beta of 0.92. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 1.62. Allegiant Travel has a 1 year low of $98.18 and a 1 year high of $165.00.
Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, April 24th. The transportation company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.10. The company had revenue of $451.60 $452.24 million. Allegiant Travel had a return on equity of 25.85% and a net margin of 9.67%. Allegiant Travel’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.42 EPS. Sell-side analysts anticipate that Allegiant Travel will post 13.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, June 13th. Allegiant Travel’s payout ratio is 28.00%.
In other news, CEO Maurice J. Gallagher, Jr. sold 9,737 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $128.05, for a total transaction of $1,246,822.85. Following the completion of the transaction, the chief executive officer now directly owns 2,987,079 shares in the company, valued at $382,495,465.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, Director Gary Ellmer sold 1,000 shares of Allegiant Travel 26th. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $249,000. The disclosure for this sale can be found here . Company insiders own 20.80% of the company’s stock.
Several hedge funds ALGT. Huntington National Bank raised its position in shares of Allegiant Travel by 19,900.0% in the 1st quarter. Huntington National Bank now owns 200 shares of the transportation company’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. IFP Advisors Inc raised its position in Allegiant Travel by 100.0% in the 4th quarter. IFP Advisors Inc now owns 300 shares of the transportation company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Allegiant Travel by 45.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 541 shares of the transportation company’s stock worth $54,000 after buying an additional 168 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of Allegiant Travel by 29.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 566 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 130 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in shares of Allegiant Travel by 161.7% during the fourth quarter. LS Investment Advisors LLC now owns 1,010 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 80.47% of the company’s stock.
About Allegiant Travel
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 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
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