Psagot Investment House Ltd. continued to hold its position in shares of Spirit Airlines, Inc. (NASDAQ:SAVE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the transportation company’s stock at the end of the 2nd quarter. Psagot Investment House Ltd.’s holdings in Spirit Airlines were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in SAVE. Empire Life Investments Inc. increased its stake in Spirit Airlines by 7.4% during the 1st quarter. Empire Life Investments Inc. now owns 82,740 shares of the transportation company’s stock worth $3,654,000 after buying an additional 5,689 shares during the period. Bank of New York Mellon Corp increased its stake in Spirit Airlines by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 323,709 shares of the transportation company’s stock worth $17,179,000 after buying an additional 10,452 shares during the period. Karp Capital Management Corp purchased a new stake in Spirit Airlines during the 1st quarter worth $368,000. Parametric Portfolio Associates LLC increased its stake in Spirit Airlines by 25.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 89,541 shares of the transportation company’s stock worth $4,752,000 after buying an additional 18,433 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Spirit Airlines by 26.0% during the 1st quarter. Principal Financial Group Inc. now owns 11,995 shares of the transportation company’s stock worth $637,000 after buying an additional 2,473 shares during the period. 96.99% of the stock is currently owned by hedge funds and other institutional investors.
In other Spirit Airlines news, Director H. Mcintyre Gardner acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $33.78 per share, for a total transaction of $168,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.
Spirit Airlines, Inc. (SAVE) traded down 0.21% on Friday, hitting $33.77. 149,062 shares of the stock traded hands. Spirit Airlines, Inc. has a 12-month low of $30.32 and a 12-month high of $60.40. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 9.79 and a beta of 0.66. The stock has a 50-day moving average of $34.15 and a 200-day moving average of $46.72.
Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. Spirit Airlines had a net margin of 9.62% and a return on equity of 17.96%. The company had revenue of $701.68 million during the quarter, compared to analysts’ expectations of $702.29 million. During the same quarter in the prior year, the company posted $1.11 EPS. The business’s revenue was up 20.1% on a year-over-year basis. Analysts forecast that Spirit Airlines, Inc. will post $2.92 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target (down previously from $75.00) on shares of Spirit Airlines in a research note on Sunday, July 30th. Bank of America Corporation downgraded shares of Spirit Airlines from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $68.00 to $44.00 in a research note on Friday, July 28th. Cowen and Company reissued a “market perform” rating and issued a $59.00 target price on shares of Spirit Airlines in a research report on Tuesday, July 18th. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 target price (down previously from $61.00) on shares of Spirit Airlines in a research report on Thursday, July 13th. Finally, Zacks Investment Research downgraded shares of Spirit Airlines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.77.
Spirit Airlines Profile
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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