Spirit Airlines, Inc. (NASDAQ:SAVE) Director H. Mcintyre Gardner acquired 5,000 shares of Spirit Airlines stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of $33.78 per share, for a total transaction of $168,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Spirit Airlines, Inc. (NASDAQ:SAVE) opened at 32.70 on Thursday. The company’s 50-day moving average price is $35.93 and its 200-day moving average price is $48.73. Spirit Airlines, Inc. has a 12-month low of $30.32 and a 12-month high of $60.40. The stock has a market cap of $2.27 billion, a PE ratio of 9.48 and a beta of 0.62.

Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. Spirit Airlines had a return on equity of 17.96% and a net margin of 9.62%. The firm had revenue of $701.68 million during the quarter, compared to analysts’ expectations of $702.29 million. During the same quarter last year, the firm earned $1.11 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities analysts expect that Spirit Airlines, Inc. will post $3.16 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Spirit Airlines by 1.4% in the second quarter. Vanguard Group Inc. now owns 5,438,753 shares of the transportation company’s stock valued at $280,912,000 after purchasing an additional 73,982 shares during the last quarter. BlackRock Inc. increased its holdings 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 purchasing an additional 2,653,575 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Spirit Airlines by 4.0% in the second quarter. Franklin Resources Inc. now owns 2,128,314 shares of the transportation company’s stock valued at $109,927,000 after purchasing an additional 82,438 shares during the last quarter. Mackenzie Financial Corp increased its holdings 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 purchasing an additional 64,996 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Spirit Airlines by 16.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,621,926 shares of the transportation company’s stock valued at $86,073,000 after purchasing an additional 234,734 shares during the last quarter. 96.99% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Wolfe Research raised Spirit Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. Cowen and Company reaffirmed a “market perform” rating and issued a $59.00 price objective on shares of Spirit Airlines in a research note on Tuesday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price objective (down previously from $61.00) on shares of Spirit Airlines in a research note on Thursday, July 13th. BidaskClub downgraded Spirit Airlines from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Deutsche Bank AG reduced their price objective on Spirit Airlines from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.59.

About Spirit Airlines

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.

Insider Buying and Selling by Quarter for Spirit Airlines (NASDAQ:SAVE)

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