Creative Planning boosted its position in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,906 shares of the transportation company’s stock after buying an additional 14,150 shares during the period. Creative Planning owned 0.28% of Spirit Airlines worth $7,039,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Spirit Airlines during the 2nd quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Spirit Airlines by 20.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,661 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 278 shares during the last quarter. Point72 Hong Kong Ltd lifted its holdings in Spirit Airlines by 549.0% in the second quarter. Point72 Hong Kong Ltd now owns 1,707 shares of the transportation company’s stock valued at $81,000 after acquiring an additional 1,444 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Spirit Airlines in the second quarter valued at approximately $134,000. Finally, Advisor Group Inc. raised its position in Spirit Airlines by 12.4% in the second quarter. Advisor Group Inc. now owns 3,341 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 368 shares during the period.
NASDAQ SAVE traded down $0.58 during trading hours on Friday, hitting $38.82. The company had a trading volume of 21,117 shares, compared to its average volume of 1,161,912. Spirit Airlines Incorporated has a 1-year low of $32.97 and a 1-year high of $65.35. The business has a 50 day moving average of $36.68 and a 200-day moving average of $43.72.
Spirit Airlines (NASDAQ:SAVE) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.09. The company had revenue of $991.97 million during the quarter, compared to analyst estimates of $987.68 million. During the same quarter in the prior year, the company earned $1.47 EPS. The business’s revenue was up 9.7% on a year-over-year basis.
A number of brokerages have issued reports on SAVE. Deutsche Bank lowered Spirit Airlines from a “buy” rating to a “hold” rating and cut their target price for the company from $79.00 to $55.00 in a research report on Thursday, July 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $43.00 price objective on shares of Spirit Airlines in a research report on Monday, October 28th. Stifel Nicolaus set a $55.00 price objective on Spirit Airlines and gave the stock a “hold” rating in a research report on Friday, October 11th. Imperial Capital cut their price objective on Spirit Airlines from $78.00 to $64.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, Vertical Research assumed coverage on Spirit Airlines in a research report on Thursday, August 22nd. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Spirit Airlines has an average rating of “Hold” and an average target price of $51.27.
Spirit Airlines 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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