Spirit Airlines Inc. (NASDAQ:SAVE) saw unusually-strong trading volume on Thursday . Approximately 1,208,609 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 1,327,704 shares.The stock last traded at $42.73 and had previously closed at $43.81.

Several equities analysts recently commented on SAVE shares. Buckingham Research reissued a “buy” rating on shares of Spirit Airlines in a report on Friday, April 15th. Zacks Investment Research lowered Spirit Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Bank of America Corp. reaffirmed a “buy” rating on shares of Spirit Airlines in a report on Monday, April 18th. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Spirit Airlines in a report on Wednesday, July 6th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $56.00 price objective on shares of Spirit Airlines in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Spirit Airlines presently has an average rating of “Buy” and an average price target of $59.55.

The stock has a market capitalization of $3.01 billion and a PE ratio of 9.82. The company’s 50 day moving average price is $44.54 and its 200 day moving average price is $44.72.

Spirit Airlines (NASDAQ:SAVE) last released its earnings results on Tuesday, April 26th. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The company earned $538.10 million during the quarter, compared to the consensus estimate of $528.87 million. During the same period in the previous year, the firm posted $0.96 EPS. Spirit Airlines’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts forecast that Spirit Airlines Inc. will post $3.91 EPS for the current year.

Several large investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Spirit Airlines by 0.9% in the fourth quarter. Rhumbline Advisers now owns 63,907 shares of the company’s stock valued at $2,547,000 after buying an additional 590 shares during the last quarter. Nationwide Fund Advisors increased its stake in Spirit Airlines by 16.3% in the fourth quarter. Nationwide Fund Advisors now owns 95,800 shares of the company’s stock valued at $3,818,000 after buying an additional 13,400 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Spirit Airlines by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 421,734 shares of the company’s stock valued at $16,809,000 after buying an additional 17,540 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in Spirit Airlines by 116.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 37,551 shares of the company’s stock valued at $1,496,000 after buying an additional 20,192 shares during the last quarter. Finally, Century Capital Management LLC increased its stake in Spirit Airlines by 44.5% in the fourth quarter. Century Capital Management LLC now owns 101,785 shares of the company’s stock valued at $4,056,000 after buying an additional 31,339 shares during the last quarter.

Spirit Airlines, Inc is an airline company. The Company’s all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket.

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