Traders are more bearish on shares of Spirit Airlines Inc as indicated by the increase in short interest. (NASDAQ:SAVE) by 333.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 915,399 shares of the transportation company's stock after selling 39,262 shares during the quarter. ValuEngine lowered shares of Spirit Airlines from a "buy" rating to a "hold" rating in a research report on Friday, September 1st. The Manufacturers Life Insurance Company increased its stake in shares of Spirit Airlines by 7.0% in the second quarter. The California-based Schwab Charles Investment Mgmt Incorporated has invested 0.01% in Spirit Airlines Incorporated (NASDAQ:SAVE). Teachers Advisors LLC now owns 103,922 shares of the transportation company's stock valued at $5,515,000 after acquiring an additional 26,798 shares during the last quarter. Advisor Group Inc. lifted its holdings in Spirit Airlines by 18.8% during the second quarter. Principal Financial Group Inc. now owns 11,995 shares of the transportation company's stock valued at $637,000 after acquiring an additional 2,473 shares during the last quarter. The value of the investment in Spirit Airlines Inc decreased from $648,000 to $418,000 decreasing 35.5% quarter to quarter. Teachers Retirement System Of THE State Of Kentucky controls 67,579 shares valued at $2,258,000. Victory Capital Management Inc. purchased a new position in Spirit Airlines during the third quarter valued at approximately $142,000.
Here are some institutional investors who have increased or decreased their stake in (SAVE).
In other Spirit Airlines news, Director H. Mcintyre Gardner bought 5,000 shares of the business's stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $33.78 per share, with a total value of $168,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Rockshelter Capital Management Llc owns 256,478 shares or 4.04% of their United States portfolio.
TRADEMARK VIOLATION NOTICE: This article was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright laws. The correct version of this story can be viewed at https://baseballnewssource.com/markets/spirit-airlines-inc-save-upgraded-by-zacks-investment-research-to-hold/1775546.html. Spirit Airlines has a fifty-two week low of $30.32 and a fifty-two week high of $60.40. (SAVE) opened at $35.82 on Monday. The firm has a market cap of $2,484.95, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.
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Spirit Airlines (NASDAQ:SAVE) last issued its earnings results on Tuesday, October 25th. They expect $0.49 EPS, down 36.36% or $0.28 from last year's $0.77 per share. The business earned $621.30 million during the quarter, compared to the consensus estimate of $611.52 million. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. The business's revenue was up 10.6% compared to the same quarter a year ago. The company's quarterly revenue was up 10.6% compared to the same quarter last year. sell-side analysts predict that Spirit Airlines will post 3.08 EPS for the current year.
Spirit Airlines declared that its Board of Directors has approved a stock repurchase program on Thursday, October 26th that permits the company to repurchase $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Deutsche Bank downgraded the shares of HA in report on Thursday, June 8 to "Hold" rating. Stifel Nicolaus reiterated a buy rating and set a $55.00 target price (down from $75.00) on shares of Spirit Airlines in a research report on Sunday, July 30th. J P Morgan Chase & Co raised shares of Spirit Airlines from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $56.00 to $45.00 in a research report on Tuesday, August 1st. TheStreet cut shares of Spirit Airlines from a b- rating to a c+ rating in a research report on Monday, August 7th.
JP Morgan cut shares of Spirit Airlines (NASDAQ:SAVE) stock from a Neutral rating to a Underweight rating in an analyst note revealed to investors on Wednesday, 1 November. (NASDAQ:SAVE) from a sell rating to a hold rating in a report released on Friday.
Spirit Airlines, Inc is an airline company. The Firm provides air transportation for passengers.
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