Allegiant Air (NASDAQ:ALGT) CFO Scott Sheldon sold 4,542 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $159.67, for a total transaction of $725,221.14. Following the completion of the sale, the chief financial officer now owns 18,278 shares of the company’s stock, valued at approximately $2,918,448.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Allegiant Air opened at $158.20 on Wednesday, MarketBeat.com reports. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.46 and a beta of 0.08. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.92 and a quick ratio of 0.89. Allegiant Air has a 1 year low of $154.30 and a 1 year high of $159.75.

Allegiant Air (NASDAQ:ALGT) last released its earnings results on Wednesday, April 25th. The transportation company reported $3.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.41. The firm had revenue of $425.44 million during the quarter, compared to analysts’ expectations of $424.10 million. Allegiant Air had a return on equity of 32.61% and a net margin of 13.42%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. sell-side analysts forecast that Allegiant Air will post 11.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, May 17th. Allegiant Air’s payout ratio is 29.32%.

ALGT has been the subject of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $172.00 price objective (up previously from $157.00) on shares of Allegiant Air in a research report on Friday, February 23rd. Zacks Investment Research cut shares of Allegiant Air from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. BidaskClub upgraded shares of Allegiant Air from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus increased their target price on Allegiant Air from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, ValuEngine upgraded Allegiant Air from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $163.41.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Allegiant Air by 0.8% in the 1st quarter. BlackRock Inc. now owns 1,595,153 shares of the transportation company’s stock valued at $275,243,000 after acquiring an additional 12,942 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Allegiant Air by 16.1% in the 1st quarter. Wasatch Advisors Inc. now owns 759,808 shares of the transportation company’s stock valued at $131,105,000 after acquiring an additional 105,554 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Allegiant Air by 6.1% in the 1st quarter. Neuberger Berman Group LLC now owns 675,500 shares of the transportation company’s stock valued at $116,558,000 after acquiring an additional 38,911 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Allegiant Air by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 648,408 shares of the transportation company’s stock valued at $100,343,000 after acquiring an additional 5,309 shares in the last quarter. Finally, First Pacific Advisors LLC grew its holdings in shares of Allegiant Air by 7.6% in the 1st quarter. First Pacific Advisors LLC now owns 352,783 shares of the transportation company’s stock valued at $60,873,000 after acquiring an additional 24,769 shares in the last quarter. Institutional investors own 91.19% of the company’s stock.

About Allegiant Air

Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.

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

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