Kemnay Advisory Services Inc. Purchases Shares of 27,915 Spirit Airlines Incorporated (SAVE)
Kemnay Advisory Services Inc. purchased a new stake in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,915 shares of the transportation company’s stock, valued at approximately $1,311,000.
Other large investors have also recently bought and sold shares of the company. Delek Group Ltd. raised its holdings in Spirit Airlines by 59.7% during the 2nd quarter. Delek Group Ltd. now owns 374,500 shares of the transportation company’s stock valued at $13,613,000 after buying an additional 140,000 shares during the last quarter. Voya Investment Management LLC raised its holdings in Spirit Airlines by 42.9% during the 2nd quarter. Voya Investment Management LLC now owns 25,765 shares of the transportation company’s stock valued at $937,000 after buying an additional 7,732 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Spirit Airlines during the 3rd quarter valued at $540,000. Strs Ohio bought a new stake in Spirit Airlines during the 2nd quarter valued at $105,000. Finally, Chou Associates Management Inc. bought a new stake in Spirit Airlines during the 2nd quarter valued at $1,818,000.
SAVE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Spirit Airlines from a “buy” rating to a “hold” rating in a report on Monday, October 1st. BidaskClub raised shares of Spirit Airlines from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. JPMorgan Chase & Co. boosted their price objective on shares of Spirit Airlines to $59.00 in a research report on Sunday. Morgan Stanley boosted their price objective on shares of Spirit Airlines from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, October 15th. Finally, Imperial Capital reissued an “outperform” rating and set a $69.00 price objective (up from $61.00) on shares of Spirit Airlines in a research report on Thursday, September 27th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $60.13.
Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. The company had revenue of $904.33 million for the quarter, compared to analysts’ expectations of $904.05 million.
In other news, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $64.65, for a total value of $48,487.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Rocky Wiggins sold 4,500 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $50.56, for a total transaction of $227,520.00. The disclosure for this sale can be found here. Insiders sold a total of 5,816 shares of company stock worth $303,113 over the last ninety days. Insiders own 0.33% of the company’s stock.
Spirit Airlines Company Profile
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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