Spirit Airlines, Inc. (SAVE) Holdings Maintained by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC maintained its position in Spirit Airlines, Inc. (NASDAQ:SAVE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,000 shares of the transportation company’s stock at the close of the 2nd quarter. Motley Fool Asset Management LLC owned approximately 0.07% of Spirit Airlines worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Spirit Airlines by 26.0% during the first quarter. Principal Financial Group Inc. now owns 11,995 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 2,473 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Spirit Airlines by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 96,711 shares of the transportation company’s stock valued at $5,132,000 after purchasing an additional 246 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Spirit Airlines by 22.3% during the first quarter. Pacer Advisors Inc. now owns 8,233 shares of the transportation company’s stock valued at $437,000 after purchasing an additional 1,500 shares in the last quarter. Heartland Advisors Inc. raised its stake in shares of Spirit Airlines by 70.9% during the second quarter. Heartland Advisors Inc. now owns 140,822 shares of the transportation company’s stock valued at $7,273,000 after purchasing an additional 58,405 shares in the last quarter. Finally, Rockshelter Capital Management LLC raised its stake in shares of Spirit Airlines by 0.3% during the first quarter. Rockshelter Capital Management LLC now owns 248,493 shares of the transportation company’s stock valued at $13,188,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.

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In related news, Director H. Mcintyre Gardner bought 5,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $33.78 per share, with a total value of $168,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.

Spirit Airlines, Inc. (SAVE) opened at 33.71 on Friday. The company has a 50-day moving average price of $35.93 and a 200-day moving average price of $48.73. The stock has a market cap of $2.34 billion, a PE ratio of 9.77 and a beta of 0.62. Spirit Airlines, Inc. has a 52 week low of $30.32 and a 52 week high of $60.40.

Spirit Airlines (NASDAQ:SAVE) last released its earnings results on Thursday, July 27th. The transportation company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.03. Spirit Airlines had a return on equity of 17.96% and a net margin of 9.62%. The firm had revenue of $701.68 million for the quarter, compared to analyst estimates of $702.29 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts anticipate that Spirit Airlines, Inc. will post $3.08 earnings per share for the current year.

A number of brokerages recently weighed in on SAVE. TheStreet cut shares of Spirit Airlines from a “b-” rating to a “c+” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Spirit Airlines from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Morgan Stanley cut their price objective on shares of Spirit Airlines from $54.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. J P Morgan Chase & Co upgraded shares of Spirit Airlines from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $56.00 to $45.00 in a research note on Tuesday, August 1st. Finally, Barclays PLC dropped their price target on shares of Spirit Airlines from $67.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.59.

Spirit Airlines Company 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.

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

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