NJ State Employees Deferred Compensation Plan held its stake in shares of Spirit Airlines, Inc. (NASDAQ:SAVE) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,000 shares of the transportation company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Spirit Airlines were worth $362,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Spirit Airlines by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,364,771 shares of the transportation company’s stock valued at $284,708,000 after buying an additional 228,176 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Spirit Airlines by 24.3% in the first quarter. Wells Fargo & Company MN now owns 3,093,057 shares of the transportation company’s stock valued at $164,148,000 after buying an additional 604,447 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Spirit Airlines by 7,002.6% in the first quarter. BlackRock Inc. now owns 2,691,469 shares of the transportation company’s stock valued at $142,838,000 after buying an additional 2,653,575 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Spirit Airlines by 9.6% in the first quarter. Jennison Associates LLC now owns 2,648,627 shares of the transportation company’s stock valued at $140,563,000 after buying an additional 231,088 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Spirit Airlines by 3.9% in the first quarter. Mackenzie Financial Corp now owns 1,743,502 shares of the transportation company’s stock valued at $92,528,000 after buying an additional 64,996 shares during the last quarter.

Spirit Airlines, Inc. (SAVE) opened at 38.08 on Wednesday. The firm’s 50-day moving average is $49.51 and its 200-day moving average is $52.88. Spirit Airlines, Inc. has a 52 week low of $37.17 and a 52 week high of $60.40. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 11.04 and a beta of 0.57.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.03. The company had revenue of $701.68 million during the quarter, compared to the consensus estimate of $702.29 million. Spirit Airlines had a net margin of 9.62% and a return on equity of 17.96%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. On average, equities analysts anticipate that Spirit Airlines, Inc. will post $3.61 earnings per share for the current year.

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Several equities research analysts have recently weighed in on SAVE shares. Wolfe Research raised shares of Spirit Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $54.00 price target (down previously from $69.00) on shares of Spirit Airlines in a research report on Sunday, July 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $56.00 price target (down previously from $60.00) on shares of Spirit Airlines in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target (down previously from $75.00) on shares of Spirit Airlines in a research report on Sunday, July 30th. Finally, Zacks Investment Research lowered shares of Spirit Airlines from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $54.96.

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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Institutional Ownership by Quarter for Spirit Airlines (NASDAQ:SAVE)

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