PEAK6 Investments L.P. boosted its position in Spirit Airlines Incorporated (NASDAQ:SAVE) by 67.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,820 shares of the transportation company’s stock after purchasing an additional 25,701 shares during the quarter. PEAK6 Investments L.P. owned approximately 0.09% of Spirit Airlines worth $2,862,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SAVE. The Manufacturers Life Insurance Company raised its holdings in Spirit Airlines by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,160 shares of the transportation company’s stock worth $112,000 after purchasing an additional 141 shares in the last quarter. Victory Capital Management Inc. bought a new position in Spirit Airlines in the third quarter worth about $142,000. State of Alaska Department of Revenue bought a new position in Spirit Airlines in the fourth quarter worth about $183,000. Advisor Group Inc. raised its holdings in Spirit Airlines by 196.5% in the fourth quarter. Advisor Group Inc. now owns 4,720 shares of the transportation company’s stock worth $211,000 after purchasing an additional 3,128 shares in the last quarter. Finally, Bluestein R H & Co. bought a new position in Spirit Airlines in the fourth quarter worth about $224,000.
Spirit Airlines Incorporated (NASDAQ SAVE) opened at $45.23 on Wednesday. Spirit Airlines Incorporated has a fifty-two week low of $30.32 and a fifty-two week high of $60.28. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2,950.00, a PE ratio of 5.05, a PEG ratio of 1.82 and a beta of 0.64.
A number of equities analysts have commented on the stock. Imperial Capital boosted their target price on shares of Spirit Airlines from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday. ValuEngine upgraded shares of Spirit Airlines from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Buckingham Research boosted their target price on shares of Spirit Airlines from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, March 2nd. Stephens assumed coverage on shares of Spirit Airlines in a report on Wednesday, November 29th. They issued an “overweight” rating and a $50.00 target price for the company. Finally, BidaskClub downgraded shares of Spirit Airlines from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.25.
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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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