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Allegiant Travel (NASDAQ:ALGT) Short Interest Down 33.3% in April


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Allegiant Travel (NASDAQ:ALGT – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 561,700 shares, a decline of 33.3% from the April 15th total of 841,800 shares. Based on an average daily volume of 235,400 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.6% of the company’s shares are short sold.

A number of equity analysts have issued reports on ALGT shares. StockNews.com started coverage on Allegiant Travel in a report on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Allegiant Travel from $275.00 to $247.00 in a report on Thursday, February 3rd. Morgan Stanley decreased their price objective on Allegiant Travel from $270.00 to $267.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Barclays decreased their price objective on Allegiant Travel from $275.00 to $220.00 in a report on Thursday, April 7th. Finally, Zacks Investment Research upgraded Allegiant Travel from a “strong sell” rating to a “hold” rating and set a $160.00 price objective for the company in a report on Tuesday, March 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $228.90.

Allegiant Travel stock opened at $142.90 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.55. Allegiant Travel has a one year low of $132.03 and a one year high of $235.08. The stock has a market capitalization of $2.59 billion, a PE ratio of 18.27 and a beta of 1.47. The business’s fifty day moving average is $154.17 and its 200 day moving average is $170.71.


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Allegiant Travel (NASDAQ:ALGT – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.22). Allegiant Travel had a net margin of 7.11% and a return on equity of 7.66%. The business had revenue of $500.10 million for the quarter, compared to analysts’ expectations of $495.33 million. During the same period last year, the business earned ($3.58) earnings per share. The company’s quarterly revenue was up 79.2% on a year-over-year basis. As a group, sell-side analysts expect that Allegiant Travel will post 5.86 EPS for the current fiscal year.

In related news, CEO Maurice J. Gallagher, Jr. sold 2,193 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $145.85, for a total transaction of $319,849.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Paul Wilson III sold 418 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $157.88, for a total value of $65,993.84. The disclosure for this sale can be found here. Insiders sold 4,354 shares of company stock valued at $684,840 in the last quarter. Corporate insiders own 16.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new position in Allegiant Travel in the fourth quarter valued at about $56,000. Steward Partners Investment Advisory LLC lifted its holdings in Allegiant Travel by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,781 shares of the transportation company’s stock valued at $1,455,000 after acquiring an additional 368 shares during the period. Yousif Capital Management LLC bought a new position in Allegiant Travel in the fourth quarter valued at about $2,526,000. Oppenheimer Asset Management Inc. lifted its holdings in Allegiant Travel by 5.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,068 shares of the transportation company’s stock valued at $1,186,000 after acquiring an additional 320 shares during the period. Finally, VELA Investment Management LLC bought a new position in Allegiant Travel in the fourth quarter valued at about $625,000. 98.49% of the stock is currently owned by institutional investors.

Allegiant Travel Company Profile (GetRating)

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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