Insider Selling: Thomas C. Canfield Unloads 5,000 Shares of Spirit Airlines Stock (SAVE)
Spirit Airlines (NASDAQ:SAVE) SVP Thomas C. Canfield sold 5,000 shares of Spirit Airlines stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $69.28, for a total transaction of $346,400.00. Following the completion of the transaction, the senior vice president now directly owns 34,641 shares in the company, valued at approximately $2,399,928. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Spirit Airlines (NASDAQ:SAVE) traded down 0.29% on Friday, hitting $69.26. 435,668 shares of the company’s stock traded hands. Spirit Airlines has a 1-year low of $29.65 and a 1-year high of $70.00. The stock’s 50-day moving average is $65.92 and its 200-day moving average is $59.17. The company has a market cap of $5.038 billion and a price-to-earnings ratio of 24.64.
Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.02. The company had revenue of $499.30 million for the quarter, compared to the consensus estimate of $497.77 million. During the same quarter last year, the company posted $0.63 earnings per share. Spirit Airlines’s revenue was up 22.6% compared to the same quarter last year. Analysts expect that Spirit Airlines will post $3.10 EPS for the current fiscal year.
SAVE has been the subject of a number of recent research reports. Analysts at Barclays reiterated a “buy” rating on shares of Spirit Airlines in a research note on Thursday, July 31st. They now have a $79.00 price target on the stock, up previously from $78.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Spirit Airlines from $75.00 to $80.00 in a research note on Thursday, July 31st. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit Airlines in a research note on Wednesday, July 30th. They now have a $82.00 price target on the stock, up previously from $76.00. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $75.19.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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