Allegiant Travel (NASDAQ:ALGT) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lowered its holdings in Allegiant Travel (NASDAQ:ALGTGet Rating) by 18.2% in the second quarter, HoldingsChannel reports. The firm owned 4,055 shares of the transportation company’s stock after selling 900 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Allegiant Travel were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ALGT. Strs Ohio acquired a new position in shares of Allegiant Travel in the second quarter valued at approximately $56,000. Meeder Asset Management Inc. acquired a new position in shares of Allegiant Travel in the first quarter valued at approximately $65,000. ACG Wealth acquired a new position in shares of Allegiant Travel in the second quarter valued at approximately $68,000. Nkcfo LLC acquired a new position in shares of Allegiant Travel in the second quarter valued at approximately $124,000. Finally, Captrust Financial Advisors grew its holdings in shares of Allegiant Travel by 82.9% in the first quarter. Captrust Financial Advisors now owns 812 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALGT shares. Susquehanna lowered their price target on shares of Allegiant Travel from $140.00 to $110.00 in a report on Tuesday, October 11th. TheStreet cut shares of Allegiant Travel from a “c-” rating to a “d” rating in a report on Thursday, November 3rd. Cowen lowered their price target on shares of Allegiant Travel from $153.00 to $120.00 in a report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Allegiant Travel from $190.00 to $106.00 and set a “buy” rating for the company in a report on Tuesday, October 11th. Finally, Raymond James lowered their price target on shares of Allegiant Travel from $150.00 to $130.00 in a report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Allegiant Travel presently has an average rating of “Moderate Buy” and a consensus target price of $121.55.

Allegiant Travel Stock Up 1.1 %

Shares of NASDAQ:ALGT opened at $78.31 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of -35.76 and a beta of 1.53. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 1.55. Allegiant Travel has a twelve month low of $63.78 and a twelve month high of $196.66. The firm has a 50 day simple moving average of $76.98 and a 200-day simple moving average of $105.52.

Insider Transactions at Allegiant Travel

In related news, CMO Scott Wayne Deangelo sold 378 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $96.73, for a total value of $36,563.94. Following the completion of the sale, the chief marketing officer now owns 17,606 shares in the company, valued at approximately $1,703,028.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Robert Paul Wilson III sold 446 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $96.73, for a total value of $43,141.58. Following the completion of the sale, the executive vice president now owns 23,961 shares in the company, valued at approximately $2,317,747.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Scott Wayne Deangelo sold 378 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $96.73, for a total transaction of $36,563.94. Following the completion of the sale, the chief marketing officer now owns 17,606 shares of the company’s stock, valued at approximately $1,703,028.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,874 shares of company stock worth $352,551. 15.10% of the stock is currently owned by insiders.

About Allegiant Travel

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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 14, 2022, it operated a fleet of 110 Airbus A320 series aircraft.

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Institutional Ownership by Quarter for Allegiant Travel (NASDAQ:ALGT)

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