Spirit Airlines, Inc. (NASDAQ:SAVE) Sees Significantly Lower Trading Volume

Joanna Estrada
July 28, 2017

(NASDAQ:SAVE) by 10.8% during the first quarter, according to its most recent 13F filing with the SEC. Geode Capital Management Ltd stated it has 0.02% in Spirit Airlines Incorporated (NASDAQ:SAVE). 7,094,762 shares of the company's stock traded hands. It also increased its holding in Hanesbrands Inc Com (NYSE:HBI) by 69,171 shares in the quarter, for a total of 465,876 shares, and has risen its stake in Biogen Idec Inc Com (NASDAQ:BIIB). Guggenheim Capital LLC now owns 40,824 shares of the transportation company's stock valued at $2,362,000 after buying an additional 2,479 shares during the period. Including today's unusual volume, Spirit Airlines, Inc.'s stock is performing at -15.57% on the year. AQR Capital Management LLC now owns 12,710 shares of the transportation company's stock valued at $735,000 after buying an additional 4,218 shares during the last quarter. Parkwood LLC increased its position in Spirit Airlines by 24.9% in the first quarter. On Friday, September 23 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". That figure is watched closely as an indicator of average fares, and Spirit's forecast was weaker than those of other USA airlines. The Ontario - Canada-based Manufacturers Life Insur The has invested 0% in Spirit Airlines Incorporated (NASDAQ:SAVE). Verition Fund Mgmt Lc accumulated 0.03% or 6,591 shares.

The share price of the company (NASDAQ:SAVE) was down -0.73% during the last trading session, with a high of 49.54 and the volume of Spirit Airlines, Inc. shares traded was 1370060. The company has market cap of $2.74 billion.

During the trading day, the stock price fluctuated between $48.91 and $50.42. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04, Bloomberg Earnings reports. The firm had revenue of $591.80 million for the quarter, compared to analyst estimates of $591.31 million. Amalgamated Natl Bank holds 0.03% of its portfolio in Spirit Airlines Incorporated (NASDAQ:SAVE) for 9,919 shares. During the same period in the prior year, the firm earned $1.11 EPS.

Stock market analysts watching Spirit Airlines, Inc. If you are viewing this report on another site, it was copied illegally and republished in violation of USA and global trademark & copyright laws. The legal version of this report can be viewed at https://transcriptdaily.com/2017/07/27/spirit-airlines-save-getting-somewhat-negative-news-coverage-analysis-shows-updated-updated-updated.html.

A number of equities analysts have recently issued reports on SAVE shares.

Spirit Airlines had its "equal weight" rating reaffirmed by analysts at Morgan Stanley.

On July 19 Citigroup made no change to the company rating of "Buy" and lowered the price target from $60.00 to $56.00. BidaskClub cut shares of Spirit Airlines from a "hold" rating to a "sell" rating in a report on Friday, June 23rd. After having $0.51 EPS previously, Spirit Airlines Incorporated's analysts see 113.73% EPS growth. The latest reports which are outstanding on Wednesday 26th of July state 6 analysts have a rating of "strong buy", 2 analysts "buy", 5 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". Spirit Airlines now has an average rating of "Buy" and a consensus price target of $62.88. The insider Miranda Edmundo sold $185,950. The shares were sold at an average price of $59.39, for a total transaction of $185,950.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. "(SAVE) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS" was posted by StockNewsTimes and is owned by of StockNewsTimes. Moreover, Polaris Capital Management Limited Liability Com has 0.15% invested in Spirit Airlines Incorporated (NASDAQ:SAVE) for 38,998 shares. The Firm provides air transportation for passengers. As of December 31, 2016, the Business's all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. A320 family aircraft 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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