Stock News Recap: Allegiant Travel Company (ALGT)

Allegiant Travel Company (ALGT) has market cap of $2188.45 million and holds 16.12 million shares outstanding. The stock accomplished trade value at $135.76 with -0.26% and traded volume 92294 shares in recent trading period versus to an average volume of 212.74K. The stock demonstrated move of -0.07% in previous 5 days graph. Its quarterly performance stands with the percentage of 13.89% while its year to date performance showed change of 35.46%. 

Allegiant Travel Company (ALGT) announced that the company donated aircraft parts valued at more than $400,000 to Rancho High School as part of the airline’s continued support of the school’s aviation magnet program.

The Las Vegas-based airline donated 11 pallets holding thousands of pounds of aircraft parts, including landing gear, an engine thrust reverser, radar antennae and other hydraulic and avionics components. The items will be used by Rancho aviation and aircraft maintenance instructors to teach students real-world job skills.

The aviation program at Rancho High School is the only one in the Clark County School District (CCSD) and one of only a few high school aviation programs in the United States. The program offers two dynamic and unique tracks for students interested in aviation and aerospace.

Last year, Allegiant partnered with Rancho High School to promote and support youth who plan to study aviation as a career. Over the next 20 years, thousands of additional aircraft will take to the skies, creating a global demand for more aviation professionals, including maintenance technicians. 

In addition to the parts donation, Allegiant is supporting students in Rancho’s aviation magnet program by awarding in 2019 two $5,000 scholarships to seniors who pursue post-secondary education in an accredited aviation program.

The City of Las Vegas transportation department helped facilitate Allegiant’s donation by delivering the parts from the airline’s warehouse at McCarran International Airport to Rancho High School.

 The stock has monthly performance of 16.32% while its yearly performance remained at -16.51%. Its return on investment (ROI) for the last 12 months was 8.80% and its return on equity (ROE) of 28.30% while return on assets (ROA) is at 7.50%. The Company has an insider ownership of 0.80% and institutional ownership remained 88.20%.

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