Spirit Airlines Incorporated (SAVE) Position Cut by Deutsche Bank AG

Marco Green
April 19, 2018

At the end of 2017Q4, the 573,990 shares of the transportation company held by the institutional investor were priced at $25.74 million, up from 438,675 at the end of the previous reported quarter. The total amount of shares outstanding is 776.16M, giving the company a market capitalization of about 106.40B. The stock increased 0.08% or $0.1426 during the last trading session, reaching $175.0226. Luxfer Holdings PLC (NYSE:LXFR) has risen 5.57% since April 18, 2017 and is uptrending. It has underperformed by 5.98% the S&P500. Finally, Schroder Investment Management Group lifted its stake in shares of Spirit Airlines by 15.7% in the 4th quarter. 1492 Capital Management LLC now owns 59,444 shares of the company's stock worth $2,528,000 after buying an additional 10,534 shares in the last quarter.

Looking about the past performance history, the company plunged 4.51% for the last five trades and exhausted -18.35% in one month period. About 21,471 shares traded. Spirit Airlines, Inc. (NASDAQ:SAVE) has declined 27.05% since April 18, 2017 and is downtrending. It has underperformed by 38.60% the S&P500.

Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Tuesday, February 6th. Therefore 44% are positive. Stephens reiterated a "buy" rating and set a $61.00 price target on shares of Spirit Airlines in a report on Wednesday, January 10th. The VC1 of Spirit Airlines, Inc. (NYSE:SAVE) on Friday, February 26 to "Outperform" rating. As per Friday, September 15, the company rating was downgraded by J.P. Morgan. On Thursday, April 12 the firm earned "Equal-Weight" rating by Morgan Stanley. Four analysts have made estimates for Spirit Airlines' earnings, with the highest sales estimate coming in at $592.28 million and the lowest estimate coming in at $591.3 million. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, January 16.

In other news, COO John A. Bendoraitis sold 1,690 shares of the firm's stock in a transaction that occurred on Thursday, March 15th.

Big Money Sentiment decreased to 0.93 in 2017 Q4. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. It turned negative, as 41 investors sold Spirit Airlines, Inc. shares while 66 reduced holdings. 42 funds bought positions and 58 increased positions.

Under current market conditions it's important to keep an eye on the shorts for Spirit Airlines, Inc. (NYSE:SAVE) for 8,500 shs. Intact Investment Mngmt invested in 4,600 shares or 0.01% of the stock. Arlington Value Capital Lc holds 4.13% or 974,773 shares in its portfolio. 91,600 are held by Canada Pension Plan Investment Board.

COPYRIGHT VIOLATION NOTICE: "Zacks: Brokerages Expect Spirit Airlines Incorporated (SAVE) Will Announce Earnings of $0.43 Per Share" was first reported by Macon Daily and is the sole property of of Macon Daily. Honeywell International Inc. bought a new position in shares of Spirit Airlines in the 4th quarter valued at $17,043,000. Hotchkis & Wiley Capital Mgmt Ltd Llc invested in 29,480 shares or 0% of the stock. Envestnet Asset holds 13,655 shares or 0% of its portfolio. During the same quarter in the prior year, the business posted $0.77 earnings per share. research analysts forecast that Spirit Airlines will post 3.08 earnings per share for the current fiscal year.

Moving average of Spirit Airlines, Inc. At the time of writing Spirit Airlines, Inc. (NYSE:SAVE) is 17.

Looking at some ROIC (Return on Invested Capital) numbers, Spirit Airlines, Inc. Macquarie upgraded Spirit Airlines from a "neutral" rating to an "outperform" rating and set a $33.00 price target for the company in a report on Wednesday, February 7th.

SAVE had 1 insider sale and 0 insider purchases since March 15, 2018. It also upped Primerica Inc Com (NYSE:PRI) stake by 5,504 shares and now owns 14,507 shares. It's up 0.13, from 0.87 in 2017Q3.

Among 18 analysts covering Spirit Airlines (NASDAQ:SAVE), 8 have Buy rating, 2 Sell and 8 Hold. 122 funds opened positions while 527 raised stakes. (NYSE:SAVE). Cap Financial Advisers Llc reported 0% stake. Tower Cap Llc (Trc) owns 0.26% invested in Amgen Inc. The stock's average target of $13.60 is 19.51% above today's ($11.38) share price. As of now, Net Element, Inc. has a P/S, P/E and P/B values of 0.42, 0 and 1.73 respectively. (NASDAQ:AMGN). Diligent Invsts Limited Liability Company holds 0.44% or 3,941 shares. Valmark Advisers, a Ohio-based fund reported 1,174 shares. Trust Investment Advsr holds 7,505 shares. Stillwater Advsr Ltd reported 1,230 shares. Moreover, Greenwood Capital Associate Ltd Liability has 0.63% invested in Amgen Inc.

Shares of Spirit Airlines stock opened at $36.84 on Wednesday. California-based West Oak Ltd Liability Com has invested 1.05% in Amgen Inc. Welltower Inc was reduced too. Hbk Sorce Advisory Limited Liability Company accumulated 7,856 shares or 0.16% of the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. 46% are bullish. 27 are the (NASDAQ:SAVE)'s analyst reports since October 23, 2017 according to StockzIntelligence Inc.

Analyst notified mean rating at 2.20 after consensus analysis. On Friday, October 27 Citigroup maintained Spirit Airlines, Inc.

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