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LAS VEGAS—Wilper Keny Frank, the former Chief Operating Officer of Allegiant Travel Co. (NASDAQ:ALGT), has recently sold shares of the company. The stock, which has declined over 51% year-to-date and currently offers a 5.23% dividend yield, appears undervalued according to InvestingPro analysis. According to a filing with the Securities and Exchange Commission, Frank sold 278 shares of Allegiant Travel stock on April 7, 2025, at a price of $41.41 per share, totaling approximately $11,511. This transaction was executed as part of a 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. Following this sale, Frank retains ownership of 15,918 shares of Allegiant Travel. With the company's next earnings report due on April 30, InvestingPro subscribers can access detailed valuation metrics and 10+ additional investment tips to make informed decisions.
In other recent news, Allegiant Travel Company has revised its full-year capacity growth forecast from 17% to 13% due to softer demand in leisure travel outside of peak periods. Despite this adjustment, Allegiant reported solid performance during peak March weeks, with total revenue per available seat mile nearly matching the previous year's figures. UBS analyst Thomas Wadewitz has revised Allegiant's stock target to $61 from $93, maintaining a Neutral rating, following a downturn in first-quarter trends and a significant 34% decrease in the company's 2025 earnings per share estimates.
In contrast, Raymond (NSE:RYMD) James analyst Savanthi Syth has raised Allegiant's stock target to $125 from $110, maintaining an Outperform rating, as Allegiant's fourth-quarter earnings per share of $2.10 showed strong performance relative to U.S. peers. Allegiant's first-quarter earnings guidance for 2025, with an EPS range of $1.50 to $2.50, fell below both analyst and consensus forecasts. Additionally, Allegiant announced a change in its executive team with the departure of COO Keny F. Wilper, who will transition to an advisory role. Tyler Hollingsworth has been appointed as interim COO, bringing experience from his role as Senior Vice President of Flight Operations.
Finally, Allegiant reported a 6.5% increase in passengers for January 2025 compared to the previous year, although the load factor saw a slight decline. The company continues its efforts in debt reduction, with plans to sell the Sunseeker resort by the summer to enhance its financial position.
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