American International Group Inc. Sells 348 Shares of Spirit Airlines Incorporated (SAVE)
American International Group Inc. cut its position in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,191 shares of the transportation company’s stock after selling 348 shares during the quarter. American International Group Inc. owned approximately 0.07% of Spirit Airlines worth $2,617,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Commonwealth Bank of Australia grew its position in Spirit Airlines by 5.6% during the 4th quarter. Commonwealth Bank of Australia now owns 7,600 shares of the transportation company’s stock worth $440,000 after acquiring an additional 400 shares during the last quarter. Penserra Capital Management LLC bought a new position in Spirit Airlines during the 4th quarter worth approximately $29,000. Captrust Financial Advisors grew its position in Spirit Airlines by 162.5% during the 4th quarter. Captrust Financial Advisors now owns 1,008 shares of the transportation company’s stock worth $58,000 after acquiring an additional 624 shares during the last quarter. United Services Automobile Association grew its position in Spirit Airlines by 16.8% during the 3rd quarter. United Services Automobile Association now owns 12,317 shares of the transportation company’s stock worth $579,000 after acquiring an additional 1,773 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Spirit Airlines by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 107,543 shares of the transportation company’s stock worth $6,229,000 after acquiring an additional 2,529 shares during the last quarter.
In other Spirit Airlines news, Director Robert D. Johnson sold 750 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $56.68, for a total value of $42,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.
Spirit Airlines (NASDAQ:SAVE) last released its quarterly earnings data on Tuesday, February 5th. The transportation company reported $1.38 earnings per share for the quarter, hitting the consensus estimate of $1.38. The business had revenue of $862.80 million during the quarter, compared to analysts’ expectations of $861.65 million. During the same quarter last year, the business posted $0.73 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year.
Several research firms recently issued reports on SAVE. Cowen restated an “outperform” rating and set a $76.00 price target (up from $71.00) on shares of Spirit Airlines in a research report on Thursday, January 17th. Barclays upgraded Spirit Airlines from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $65.00 to $70.00 in a research report on Monday, March 11th. Stephens restated an “overweight” rating and set a $78.00 price target (up from $74.00) on shares of Spirit Airlines in a research report on Wednesday, February 6th. JPMorgan Chase & Co. upgraded Spirit Airlines from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $82.00 in a research report on Wednesday, November 28th. Finally, Imperial Capital raised their price target on Spirit Airlines from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 27th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Spirit Airlines currently has an average rating of “Buy” and an average target price of $69.87.
COPYRIGHT VIOLATION NOTICE: This article was reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/american-international-group-inc-sells-348-shares-of-spirit-airlines-incorporated-save/2917934.html.
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.
Recommended Story: How to Invest in an Index Fund
Receive News & Ratings for Spirit Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Airlines and related companies with MarketBeat.com's FREE daily email newsletter.