1 week Ago By ABMN Staff
Allegiant Travel ( NASDAQ:ALGT – Get Free Report ) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday. Several other equities research analysts also recently issued reports on the stock.
Morgan Stanley boosted their price objective on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th.
Evercore ISI upped their target price on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd.
Raymond James boosted their price target on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th.
Susquehanna increased their price objective on shares of Allegiant Travel from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, November 4th.
Finally, Barclays boosted their target price on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th.
Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.
11. View Our Latest Stock Report on ALGT Allegiant Travel Stock Performance Insider Buying and Selling In other news, Chairman Maurice J. Gallagher, Jr.
sold 28,319 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.
74. Following the completion of the transaction, the chairman now directly owns 2,147,730 shares in the company, valued at approximately $181,397,275.80.
The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website .
Also, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.
15. Following the completion of the sale, the chief operating officer now owns 16,353 shares in the company, valued at approximately $1,025,169.57.
This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 29,304 shares of company stock worth $2,459,900 over the last quarter. 15.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Allegiant Travel A number of institutional investors and hedge funds have recently bought and sold shares of ALGT. Signaturefd LLC raised its position 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 acquiring an additional 273 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Allegiant Travel by 136.9% in the third 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 increased 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 valued at $64,000 after buying an additional 236 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Allegiant Travel by 2,827.
9% during the 3rd 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 boosted its stake in shares of Allegiant Travel by 170.6% during the 2nd quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,590 shares in the last quarter.
Institutional investors own 85.81% of the company’s stock. Allegiant Travel Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.
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