Spirit Airlines Incorporated (NASDAQ:SAVE) SVP Sells $204,022.00 in Stock

Spirit Airlines Incorporated (NASDAQ:SAVE) SVP Laurie Villa sold 3,800 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $53.69, for a total value of $204,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of SAVE stock opened at $47.64 on Friday. Spirit Airlines Incorporated has a 1-year low of $34.36 and a 1-year high of $65.35.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $855.80 million during the quarter, compared to analyst estimates of $855.77 million. During the same period in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was up 21.5% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAVE. Columbus Circle Investors acquired a new stake in Spirit Airlines during the fourth quarter worth approximately $35,914,000. D. E. Shaw & Co. Inc. grew its stake in Spirit Airlines by 1,159.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 501,335 shares of the transportation company’s stock worth $29,037,000 after purchasing an additional 461,533 shares during the period. OppenheimerFunds Inc. grew its stake in Spirit Airlines by 18.6% during the first quarter. OppenheimerFunds Inc. now owns 2,807,700 shares of the transportation company’s stock worth $148,415,000 after purchasing an additional 440,339 shares during the period. Victory Capital Management Inc. grew its stake in Spirit Airlines by 100.4% during the first quarter. Victory Capital Management Inc. now owns 717,036 shares of the transportation company’s stock worth $37,903,000 after purchasing an additional 359,285 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Spirit Airlines during the fourth quarter worth approximately $20,741,000.

A number of brokerages have issued reports on SAVE. Vertical Research began coverage on Spirit Airlines in a report on Monday, February 4th. They issued a “buy” rating for the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Spirit Airlines in a report on Thursday, February 7th. Imperial Capital reaffirmed an “outperform” rating and issued a $92.00 target price (up previously from $90.00) on shares of Spirit Airlines in a report on Thursday, February 7th. Goldman Sachs Group raised Spirit Airlines from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $85.00 in a research note on Thursday, February 7th. Finally, Stephens reissued an “overweight” rating and issued a $78.00 price target (up previously from $74.00) on shares of Spirit Airlines in a research note on Wednesday, February 6th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.33.

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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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