The SVP of Allegiant Travel Company (NASDAQ: ALGT) is Selling Shares

By Carrie Williams

Today, the SVP of Allegiant Travel Company (NASDAQ: ALGT), Gregory Clark Anderson, sold shares of ALGT for $294.1K.

Following Gregory Clark Anderson’s last ALGT Sell transaction on May 23, 2017, the stock climbed by 36.2%. In addition to Gregory Clark Anderson, 2 other ALGT executives reported Sell trades in the last month.

Based on Allegiant Travel Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $378 million and quarterly net profit of $81.33 million. In comparison, last year the company earned revenue of $336 million and had a net profit of $40.64 million. The company has a one-year high of $180.20 and a one-year low of $111.54. ALGT’s market cap is $2.85B and the company has a P/E ratio of 15.03.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $185.33, reflecting a -3.1% downside.

The insider sentiment on Allegiant Travel Company has been negative according to 38 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.