Spirit Airlines, Inc. (SAVE) Director Purchases $168,900.00 in Stock

Spirit Airlines, Inc. (NASDAQ:SAVE) Director H. Mcintyre Gardner bought 5,000 shares of Spirit Airlines stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $33.78 per share, for a total transaction of $168,900.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Spirit Airlines, Inc. (SAVE) traded down 2.20% during mid-day trading on Monday, reaching $32.95. 1,706,403 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $36.30 and its 200 day moving average price is $49.06. Spirit Airlines, Inc. has a one year low of $30.32 and a one year high of $60.40. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 9.55 and a beta of 0.62.

Spirit Airlines (NASDAQ:SAVE) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.14 earnings per share for the quarter, topping 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 firm had revenue of $701.68 million for the quarter, compared to the consensus estimate of $702.29 million. During the same period in the previous year, the firm posted $1.11 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. On average, equities analysts forecast that Spirit Airlines, Inc. will post $3.19 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Spirit Airlines, Inc. (SAVE) Director Purchases $168,900.00 in Stock” was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/18/spirit-airlines-inc-save-director-purchases-168900-00-in-stock.html.

A number of research analysts recently commented on SAVE shares. Wolfe Research raised Spirit Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. Deutsche Bank AG reissued a “buy” rating and issued a $54.00 target price (down previously from $69.00) on shares of Spirit Airlines in a research note on Sunday, July 30th. Morgan Stanley reissued an “equal weight” rating and issued a $56.00 target price (down previously from $60.00) on shares of Spirit Airlines in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 target price (down previously from $75.00) on shares of Spirit Airlines in a research note on Sunday, July 30th. Finally, Zacks Investment Research cut Spirit Airlines from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.59.

Several institutional investors have recently bought and sold shares of the company. Camarda Financial Advisors LLC increased its holdings in shares of Spirit Airlines by 0.3% in the 2nd quarter. Camarda Financial Advisors LLC now owns 32,224 shares of the transportation company’s stock worth $1,664,000 after buying an additional 101 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Spirit Airlines by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,160 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 141 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Spirit Airlines by 0.3% during the 1st 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 during the last quarter. Aperio Group LLC grew its holdings in Spirit Airlines by 4.6% during the 2nd quarter. Aperio Group LLC now owns 7,260 shares of the transportation company’s stock valued at $375,000 after purchasing an additional 322 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Spirit Airlines by 3.4% during the 1st quarter. Amalgamated Bank now owns 10,252 shares of the transportation company’s stock valued at $544,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 96.99% of the company’s stock.

About Spirit Airlines

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.

Insider Buying and Selling by Quarter for Spirit Airlines (NASDAQ:SAVE)

Receive News & Ratings for Spirit Airlines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Airlines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply