Jump Financial LLC Sells 26,310 Shares of Spirit Airlines, Inc. (NYSE:SAVE)

Jump Financial LLC decreased its position in Spirit Airlines, Inc. (NYSE:SAVE) by 45.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,097 shares of the company’s stock after selling 26,310 shares during the period. Jump Financial LLC’s holdings in Spirit Airlines were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Spirit Airlines by 12.1% during the 2nd quarter. Vanguard Group Inc. now owns 9,684,912 shares of the company’s stock valued at $294,808,000 after purchasing an additional 1,047,445 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Spirit Airlines by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,841,872 shares of the company’s stock valued at $178,668,000 after acquiring an additional 561,861 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Spirit Airlines by 11.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,765,779 shares of the company’s stock valued at $53,750,000 after acquiring an additional 179,196 shares during the last quarter. Victory Capital Management Inc. lifted its position in Spirit Airlines by 0.3% in the second quarter. Victory Capital Management Inc. now owns 649,670 shares of the company’s stock worth $19,776,000 after buying an additional 1,662 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its position in Spirit Airlines by 28.3% in the second quarter. Hodges Capital Management Inc. now owns 471,224 shares of the company’s stock worth $14,344,000 after buying an additional 104,025 shares during the last quarter. Institutional investors and hedge funds own 62.98% of the company’s stock.

Shares of NYSE:SAVE opened at $24.69 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.38. Spirit Airlines, Inc. has a 1 year low of $15.45 and a 1 year high of $40.77. The firm has a fifty day moving average price of $25.23 and a 200 day moving average price of $30.52. The stock has a market capitalization of $2.68 billion, a PE ratio of -3.76 and a beta of 1.69.

Spirit Airlines (NYSE:SAVE) last announced its quarterly earnings data on Tuesday, July 27th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $0.53. The firm had revenue of $859.31 million for the quarter, compared to analysts’ expectations of $818.67 million. Spirit Airlines had a negative net margin of 29.57% and a negative return on equity of 29.21%. On average, sell-side analysts forecast that Spirit Airlines, Inc. will post -3.12 earnings per share for the current fiscal year.

SAVE has been the topic of several research reports. Susquehanna Bancshares cut their price target on Spirit Airlines from $40.00 to $36.00 and set a “positive” rating on the stock in a research note on Tuesday, August 17th. Stifel Nicolaus cut their target price on Spirit Airlines from $33.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, August 17th. JPMorgan Chase & Co. downgraded Spirit Airlines from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $34.00 in a report on Friday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Spirit Airlines from $44.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 17th. Finally, Evercore ISI reiterated a “hold” rating and set a $35.00 price target on shares of Spirit Airlines in a research report on Thursday, August 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.94.

Spirit Airlines Company Profile

Spirit Airlines, Inc is an airline that offers travel to price-conscious customers. Its customers start with an unbundled base fares that remove components included in the price of an airline ticket. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.

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Institutional Ownership by Quarter for Spirit Airlines (NYSE:SAVE)

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