Today, the President of Allegiant Travel Company (NASDAQ: ALGT), John Redmond, bought shares of ALGT for $1.38M.
This recent transaction increases John Redmond’s holding in the company by 13.31% to a total of $12.34 million.
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Based on Allegiant Travel Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $393 million and quarterly net profit of $14.95 million. In comparison, last year the company earned revenue of $349 million and had a net profit of $21.98 million. ALGT’s market cap is $1.84B and the company has a P/E ratio of 9.07. Currently, Allegiant Travel Company has an average volume of 145.7K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $136.20, reflecting a 18.7% upside.
The insider sentiment on Allegiant Travel Company has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation; air-related travel services and product; third party travel products, and fixed fee contract air transportation. The company was founded in 1997 and is headquartered in Las Vegas, NV.
