SG Americas Securities LLC raised its stake in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 84.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,710 shares of the transportation company’s stock after purchasing an additional 3,531 shares during the quarter. SG Americas Securities LLC’s holdings in Spirit Airlines were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. GSA Capital Partners LLP bought a new stake in shares of Spirit Airlines in the 3rd quarter worth approximately $206,000. Fosun International Ltd bought a new stake in shares of Spirit Airlines in the 4th quarter worth approximately $228,000. Strs Ohio lifted its holdings in shares of Spirit Airlines by 89.7% in the 3rd quarter. Strs Ohio now owns 5,500 shares of the transportation company’s stock worth $258,000 after acquiring an additional 2,600 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Spirit Airlines in the 4th quarter worth approximately $260,000. Finally, Commonwealth Bank of Australia bought a new stake in shares of Spirit Airlines in the 3rd quarter worth approximately $338,000.
Shares of NASDAQ SAVE opened at $56.25 on Friday. Spirit Airlines Incorporated has a 52 week low of $34.36 and a 52 week high of $65.35.
Spirit Airlines (NASDAQ:SAVE) last issued its earnings results on Tuesday, February 5th. The transportation company reported $1.38 EPS for the quarter, hitting the consensus estimate of $1.38. The firm had revenue of $862.80 million during the quarter, compared to analysts’ expectations of $861.65 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year.
A number of brokerages have recently weighed in on SAVE. Vertical Research began coverage on shares of Spirit Airlines in a report on Monday, February 4th. They issued a “buy” rating for the company. Credit Suisse Group began coverage on shares of Spirit Airlines in a report on Monday, November 19th. They issued a “neutral” rating and a $59.00 price objective for the company. Imperial Capital restated an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of Spirit Airlines in a report on Thursday, February 7th. BidaskClub lowered shares of Spirit Airlines from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Finally, Goldman Sachs Group began coverage on shares of Spirit Airlines in a report on Monday, November 12th. They issued a “neutral” rating and a $61.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Spirit Airlines currently has an average rating of “Buy” and an average price target of $68.00.
In other Spirit Airlines news, COO John A. Bendoraitis sold 2,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $61.11, for a total transaction of $122,220.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $64.65, for a total transaction of $48,487.50. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.
About Spirit Airlines
Spirit Airlines, Inc is an airline company. The Company provides air transportation for passengers. As of December 31, 2016, its all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. As of December 31, 2016, it had a fleet of 95 Airbus single-aisle aircraft, which are referred to as A320 family aircraft and include the A319, A320 and A321 models, which have common design and equipment but differ most notably in fuselage length, service range and seat capacity.
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