Allegiant Travel (NASDAQ:ALGT) CEO Maurice J. Gallagher, Jr. sold 71,678 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $165.54, for a total transaction of $11,865,576.12. Following the transaction, the chief executive officer now directly owns 3,071,196 shares in the company, valued at approximately $508,405,785.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Allegiant Travel (NASDAQ:ALGT) opened at $166.95 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. Allegiant Travel has a 12-month low of $111.54 and a 12-month high of $180.40. The stock has a market cap of $2,680.00, a P/E ratio of 17.76 and a beta of 0.16.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $348.80 million for the quarter, compared to the consensus estimate of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. Allegiant Travel’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. research analysts forecast that Allegiant Travel will post 8.68 earnings per share for the current year.

A number of research analysts have commented on the stock. BidaskClub raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and raised their target price for the company from $150.00 to $200.00 in a research report on Tuesday. ValuEngine downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup cut their price objective on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, September 26th. Finally, Cowen reaffirmed a “hold” rating and issued a $145.00 price objective on shares of Allegiant Travel in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Allegiant Travel has a consensus rating of “Hold” and an average price target of $157.09.

A number of large investors have recently added to or reduced their stakes in ALGT. Schwab Charles Investment Management Inc. grew its position in Allegiant Travel by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,170 shares of the transportation company’s stock worth $10,736,000 after purchasing an additional 5,991 shares during the last quarter. Victory Capital Management Inc. grew its position in Allegiant Travel by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 853 shares of the transportation company’s stock worth $116,000 after purchasing an additional 127 shares during the last quarter. Riverhead Capital Management LLC grew its position in Allegiant Travel by 119.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the transportation company’s stock worth $149,000 after purchasing an additional 599 shares during the last quarter. Teachers Advisors LLC grew its position in Allegiant Travel by 3.8% during the 2nd quarter. Teachers Advisors LLC now owns 23,901 shares of the transportation company’s stock worth $3,241,000 after purchasing an additional 880 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in Allegiant Travel by 2.4% during the 2nd quarter. Nationwide Fund Advisors now owns 82,251 shares of the transportation company’s stock worth $11,153,000 after purchasing an additional 1,894 shares during the last quarter. 86.16% of the stock is currently owned by institutional investors.

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About Allegiant Travel

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.

Insider Buying and Selling by Quarter for Allegiant Travel (NASDAQ:ALGT)

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