SG Americas Securities LLC grew its stake in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,653 shares of the transportation company’s stock after purchasing an additional 2,101 shares during the period. SG Americas Securities LLC’s holdings in Spirit Airlines were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAVE. Schroder Investment Management Group increased its position in shares of Spirit Airlines by 19.8% during the first quarter. Schroder Investment Management Group now owns 1,828,093 shares of the transportation company’s stock worth $69,065,000 after acquiring an additional 301,959 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of Spirit Airlines during the first quarter worth about $1,133,000. Royal Bank of Canada increased its position in shares of Spirit Airlines by 11.6% during the first quarter. Royal Bank of Canada now owns 309,412 shares of the transportation company’s stock worth $11,690,000 after acquiring an additional 32,110 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Spirit Airlines by 286.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,445 shares of the transportation company’s stock worth $162,000 after acquiring an additional 3,294 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Spirit Airlines during the second quarter worth about $105,000.

Shares of SAVE stock opened at $46.83 on Wednesday. Spirit Airlines Incorporated has a 52-week low of $32.99 and a 52-week high of $49.63. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. Spirit Airlines had a net margin of 8.55% and a return on equity of 15.86%. The business had revenue of $851.80 million during the quarter, compared to the consensus estimate of $851.83 million. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts anticipate that Spirit Airlines Incorporated will post 3.08 EPS for the current fiscal year.

SAVE has been the subject of several recent research reports. BidaskClub raised shares of Spirit Airlines from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research downgraded shares of Spirit Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Cowen boosted their target price on shares of Spirit Airlines from $39.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, July 27th. Macquarie boosted their target price on shares of Spirit Airlines from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 28th. Finally, Imperial Capital reissued an “outperform” rating and set a $53.00 target price (up from $48.00) on shares of Spirit Airlines in a research report on Saturday, July 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.15.

In other Spirit Airlines news, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $47.53, for a total value of $35,647.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rocky Wiggins sold 566 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $47.89, for a total transaction of $27,105.74. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Spirit Airlines 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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Institutional Ownership by Quarter for Spirit Airlines (NASDAQ:SAVE)

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