Allegiant Travel (NASDAQ:ALGT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Allegiant Travel (NASDAQ:ALGT) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,711,037 shares of the transportation company’s stock after selling 10,989 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Allegiant Travel worth $141,349,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Allegiant Travel by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 798,573 shares of the transportation company’s stock valued at $65,972,000 after acquiring an additional 98,662 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of Allegiant Travel by 23.4% in the 4th quarter. U S Global Investors Inc. now owns 647,055 shares of the transportation company’s stock worth $53,453,000 after buying an additional 122,844 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Allegiant Travel by 15.4% in the 4th quarter. Franklin Resources Inc. now owns 620,180 shares of the transportation company’s stock valued at $51,233,000 after buying an additional 82,813 shares during the period. American Century Companies Inc. grew its position in shares of Allegiant Travel by 19.4% during the 3rd quarter. American Century Companies Inc. now owns 263,096 shares of the transportation company’s stock valued at $20,222,000 after buying an additional 42,688 shares during the last quarter. Finally, Par Capital Management Inc. raised its stake in Allegiant Travel by 1.4% during the fourth quarter. Par Capital Management Inc. now owns 253,500 shares of the transportation company’s stock worth $20,942,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group started coverage on Allegiant Travel in a research report on Wednesday, March 20th. They set a “sell” rating and a $58.00 price target on the stock. TD Cowen lowered their price objective on Allegiant Travel from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, May 15th. Barclays cut their target price on Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Finally, Susquehanna reduced their price target on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.57.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $49.71 on Friday. The firm has a market capitalization of $906.21 million, a P/E ratio of 15.73, a P/E/G ratio of 1.33 and a beta of 1.66. The stock has a fifty day moving average price of $52.53 and a two-hundred day moving average price of $66.68. Allegiant Travel has a 52-week low of $46.90 and a 52-week high of $130.93. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.76 and a quick ratio of 0.74.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $656.70 million during the quarter, compared to analyst estimates of $645.23 million. Allegiant Travel had a net margin of 2.26% and a return on equity of 0.50%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $3.04 earnings per share. As a group, analysts anticipate that Allegiant Travel will post 3.62 EPS for the current fiscal year.

Allegiant Travel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.83%. The ex-dividend date was Tuesday, May 14th. Allegiant Travel’s payout ratio is presently 75.95%.

Insiders Place Their Bets

In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the transaction, the chief operating officer now owns 9,422 shares of the company’s stock, valued at approximately $480,522. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Keny Frank Wilper sold 1,000 shares of Allegiant Travel stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the chief operating officer now owns 9,422 shares in the company, valued at approximately $480,522. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Scott Wayne Deangelo sold 19,687 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $53.68, for a total transaction of $1,056,798.16. Following the completion of the transaction, the chief marketing officer now owns 64,812 shares in the company, valued at $3,479,108.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,037 shares of company stock valued at $1,395,948. Insiders own 17.50% 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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.