Spirit Airlines Incorporated (NASDAQ:SAVE) COO John A. Bendoraitis sold 2,000 shares of Spirit Airlines stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $61.11, for a total value of $122,220.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SAVE opened at $58.14 on Tuesday. Spirit Airlines Incorporated has a 12 month low of $34.36 and a 12 month high of $65.35.

Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.44 by $0.03. The business had revenue of $904.33 million during the quarter, compared to analysts’ expectations of $904.05 million.

A number of analysts recently commented on SAVE shares. JPMorgan Chase & Co. lifted their price objective on Spirit Airlines to $59.00 in a research report on Sunday, December 2nd. TheStreet upgraded Spirit Airlines from a “c+” rating to a “b-” rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded Spirit Airlines from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, September 11th. Buckingham Research set a $61.00 price objective on Spirit Airlines and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Deutsche Bank lifted their price objective on Spirit Airlines from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.25.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in Spirit Airlines by 12.0% in the 2nd quarter. FMR LLC now owns 10,236,765 shares of the transportation company’s stock valued at $372,107,000 after buying an additional 1,100,206 shares during the period. Vanguard Group Inc. grew its holdings in Spirit Airlines by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,933,398 shares of the transportation company’s stock valued at $278,692,000 after buying an additional 99,240 shares during the period. Vanguard Group Inc grew its holdings in Spirit Airlines by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 5,933,398 shares of the transportation company’s stock valued at $278,692,000 after buying an additional 99,240 shares during the period. BlackRock Inc. lifted its stake in shares of Spirit Airlines by 1.1% in the 3rd quarter. BlackRock Inc. now owns 4,517,946 shares of the transportation company’s stock valued at $212,207,000 after purchasing an additional 49,862 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Spirit Airlines by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,227,386 shares of the transportation company’s stock valued at $198,562,000 after purchasing an additional 318,549 shares in the last quarter.

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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.

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