Spirit Airlines Inc. (NASDAQ:SAVE) VP Laurie Villa sold 300 shares of Spirit Airlines stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $38.37, for a total transaction of $11,511.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Spirit Airlines Inc. (NASDAQ:SAVE) opened at 37.44 on Tuesday. Spirit Airlines Inc. has a one year low of $32.73 and a one year high of $53.53. The firm has a 50 day moving average of $39.70 and a 200 day moving average of $43.83. The stock has a market cap of $2.62 billion, a P/E ratio of 8.74 and a beta of 1.06.

Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.03. Spirit Airlines had a net margin of 13.83% and a return on equity of 25.93%. The company had revenue of $584.10 million for the quarter, compared to the consensus estimate of $594.47 million. During the same period last year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Spirit Airlines Inc. will post $3.91 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in Spirit Airlines by 4.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,230 shares of the company’s stock worth $105,000 after buying an additional 99 shares during the period. Legal & General Group Plc boosted its stake in Spirit Airlines by 131.8% in the first quarter. Legal & General Group Plc now owns 2,253 shares of the company’s stock worth $108,000 after buying an additional 1,281 shares during the period. Teacher Retirement System of Texas boosted its stake in Spirit Airlines by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 2,515 shares of the company’s stock worth $113,000 after buying an additional 302 shares during the period. Tower Research Capital LLC TRC boosted its stake in Spirit Airlines by 38.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,065 shares of the company’s stock worth $138,000 after buying an additional 853 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in Spirit Airlines by 9.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,336 shares of the company’s stock worth $150,000 after buying an additional 291 shares during the period. 98.20% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. Credit Suisse Group AG set a $55.00 price objective on shares of Spirit Airlines and gave the company a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research upgraded shares of Spirit Airlines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Citigroup Inc. dropped their price objective on shares of Spirit Airlines from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Raymond James Financial Inc. upgraded shares of Spirit Airlines from an “outperform” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, August 4th. Finally, Wolfe Research lowered shares of Spirit Airlines from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $59.49.

About Spirit Airlines

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.

5 Day Chart for NASDAQ:SAVE

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