U S Global Investors Inc increased its position in Spirit Airlines, Inc. (NASDAQ:SAVE) by 13.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 51,877 shares of the transportation company’s stock after buying an additional 6,189 shares during the period. Spirit Airlines comprises 0.0% of U S Global Investors Inc’s portfolio, making the stock its 19th largest position. U S Global Investors Inc owned 0.07% of Spirit Airlines worth $2,753,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in SAVE. Middleton & Co Inc MA boosted its stake in shares of Spirit Airlines by 0.3% in the first quarter. Middleton & Co Inc MA now owns 17,275 shares of the transportation company’s stock worth $917,000 after buying an additional 45 shares during the period. Envestnet Asset Management Inc. raised its position in Spirit Airlines by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,731 shares of the transportation company’s stock valued at $216,000 after buying an additional 92 shares in the last quarter. Cadence Capital Management LLC raised its position in Spirit Airlines by 3.8% in the first quarter. Cadence Capital Management LLC now owns 13,244 shares of the transportation company’s stock valued at $703,000 after buying an additional 480 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Spirit Airlines by 15.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,504 shares of the transportation company’s stock worth $451,000 after buying an additional 1,162 shares during the period. Finally, Parkwood LLC raised its stake in shares of Spirit Airlines by 24.9% in the first quarter. Parkwood LLC now owns 6,675 shares of the transportation company’s stock worth $354,000 after buying an additional 1,332 shares during the period.
Shares of Spirit Airlines, Inc. (NASDAQ SAVE) traded up 2.35% during mid-day trading on Monday, reaching $53.95. The company’s stock had a trading volume of 574,242 shares. The company’s 50-day moving average is $55.25 and its 200 day moving average is $54.79. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 16.03 and a beta of 0.56. Spirit Airlines, Inc. has a 12 month low of $37.17 and a 12 month high of $60.40.
Spirit Airlines (NASDAQ:SAVE) last released its earnings results on Friday, April 28th. The transportation company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The firm had revenue of $591.80 million during the quarter, compared to analyst estimates of $591.31 million. Spirit Airlines had a net margin of 9.89% and a return on equity of 18.60%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $1.01 EPS. On average, equities analysts anticipate that Spirit Airlines, Inc. will post $4.16 EPS for the current year.
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SAVE has been the topic of a number of recent research reports. Wolfe Research raised Spirit Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. Stifel Nicolaus reissued a “buy” rating and set a $75.00 price target on shares of Spirit Airlines in a research report on Saturday, April 22nd. Zacks Investment Research raised Spirit Airlines from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, March 2nd. Imperial Capital reissued an “outperform” rating on shares of Spirit Airlines in a research report on Friday, March 17th. Finally, Cowen and Company decreased their target price on Spirit Airlines from $59.00 to $58.00 and set a “market perform” rating on the stock in a research report on Monday, March 20th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.05.
In related news, VP Edmundo Miranda sold 3,131 shares of Spirit Airlines stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $59.39, for a total transaction of $185,950.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.
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.
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