Allegiant Travel (NASDAQ:ALGT – Get Free Report) had its price target increased by equities researchers at The Goldman Sachs Group from $83.00 to $92.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 5.40% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Raymond James boosted their price target on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Susquehanna boosted their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen boosted their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Barclays boosted their price target on shares of Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, Morgan Stanley boosted their price target on shares of Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Allegiant Travel presently has an average rating of “Hold” and a consensus target price of $75.11.
Get Our Latest Stock Analysis on ALGT
Allegiant Travel Stock Performance
Insider Transactions at Allegiant Travel
In other news, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total transaction of $39,808.15. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total transaction of $28,269.50. Following the transaction, the director now owns 11,650 shares in the company, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their position. 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 in the last 90 days. 15.80% of the stock is owned by insiders.
Institutional Trading of Allegiant Travel
Large investors have recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after buying an additional 273 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Allegiant Travel by 136.9% during the 3rd 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 period. GAMMA Investing LLC boosted its holdings in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after buying an additional 236 shares during the period. NBC Securities Inc. boosted its holdings 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 worth $69,000 after buying an additional 1,216 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Allegiant Travel during the 3rd quarter worth $210,000. 85.81% of the stock is owned by institutional investors.
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.
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