6 hours Ago By ABMN Staff
Allegiant Travel ( NASDAQ:ALGT – Get Free Report ) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday. A number of other equities analysts have also commented on ALGT.
Morgan Stanley raised their price target on Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th.
Barclays raised their target price on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th.
Evercore ISI upped their price target on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd.
Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, TD Cowen boosted their price objective on shares of Allegiant Travel from $50.00 to $70.
00 and gave the company a “hold” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of “Hold” and a consensus target price of $68.
00. View Our Latest Stock Report on ALGT Allegiant Travel Price Performance Insider Activity at Allegiant Travel In related news, Chairman Maurice J. Gallagher, Jr.
sold 28,319 shares of the firm’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 transaction, the chairman now directly owns 2,147,730 shares in the company, valued at $181,397,275.80.
This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $62.69, for a total transaction of $39,808.
15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares in the company, valued at $1,025,169.57.
This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 29,600 shares of company stock valued at $2,476,465. Insiders own 15.80% of the company’s stock.
Hedge Funds Weigh In On Allegiant Travel Hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc.
lifted its stake in Allegiant Travel by 166.7% in the second quarter. Donald Smith & CO.
Inc. now owns 826,326 shares of the transportation company’s stock worth $41,506,000 after acquiring an additional 516,545 shares during the period. U S Global Investors Inc.
raised its holdings in Allegiant Travel by 51.9% in the 3rd quarter. U S Global Investors Inc.
now owns 741,429 shares of the transportation company’s stock worth $40,823,000 after purchasing an additional 253,198 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Allegiant Travel in the 2nd quarter worth about $8,959,000. Millennium Management LLC boosted its stake in shares of Allegiant Travel by 779.
8% during the 2nd quarter. Millennium Management LLC now owns 169,459 shares of the transportation company’s stock valued at $8,512,000 after purchasing an additional 150,197 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Allegiant Travel during the 3rd quarter valued at about $63,540,000.
85.81% of the stock is owned by hedge funds and other institutional investors. 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 Stories 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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