Spirit Airlines Incorporated (NASDAQ:SAVE) Shares Sold by United Services Automobile Association

Share on StockTwits

United Services Automobile Association lowered its stake in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 87.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,070 shares of the transportation company’s stock after selling 104,644 shares during the quarter. United Services Automobile Association’s holdings in Spirit Airlines were worth $719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new position in shares of Spirit Airlines during the 1st quarter valued at about $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Spirit Airlines during the 2nd quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Spirit Airlines by 20.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,661 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 278 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in shares of Spirit Airlines by 549.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707 shares of the transportation company’s stock valued at $81,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Spirit Airlines by 148.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,580 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 944 shares during the last quarter.

A number of research firms have recently commented on SAVE. Stephens downgraded shares of Spirit Airlines from an “overweight” rating to an “equal” rating and dropped their price objective for the company from $55.00 to $45.00 in a research note on Monday, September 23rd. Citigroup set a $67.00 price objective on shares of Spirit Airlines and gave the company a “buy” rating in a research note on Friday, July 26th. Cowen dropped their price objective on shares of Spirit Airlines from $51.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James downgraded shares of Spirit Airlines from a “strong-buy” rating to a “market perform” rating and dropped their price objective for the company from $65.00 to $60.00 in a research note on Tuesday, September 3rd. Finally, Buckingham Research downgraded shares of Spirit Airlines from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $69.00 to $41.00 in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $53.53.

In other news, Director H. Mcintyre Gardner bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average price of $41.92 per share, for a total transaction of $104,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward M. Christie III bought 2,375 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $41.93 per share, with a total value of $99,583.75. The disclosure for this purchase can be found here. Insiders have bought a total of 5,051 shares of company stock valued at $211,885 in the last quarter. Company insiders own 0.33% of the company’s stock.

Shares of NASDAQ:SAVE opened at $36.05 on Friday. Spirit Airlines Incorporated has a 1 year low of $32.97 and a 1 year high of $65.35. The stock has a 50-day simple moving average of $36.73 and a 200-day simple moving average of $46.00.

Spirit Airlines (NASDAQ:SAVE) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year.

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.

Recommended Story: What is Liquidity?

Want to see what other hedge funds are holding SAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit Airlines Incorporated (NASDAQ:SAVE).

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

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.



Latest News

McKesson Co.  Shares Acquired by CIBC Private Wealth Group LLC
McKesson Co. Shares Acquired by CIBC Private Wealth Group LLC
Analyzing Compass Minerals International  and Piedmont Lithium
Analyzing Compass Minerals International and Piedmont Lithium
Comparing Livent  and Its Rivals
Comparing Livent and Its Rivals
Horizon Therapeutics PLC  CFO Paul W. Hoelscher Sells 20,000 Shares
Horizon Therapeutics PLC CFO Paul W. Hoelscher Sells 20,000 Shares
Workday Inc  COO James Bozzini Sells 4,972 Shares
Workday Inc COO James Bozzini Sells 4,972 Shares
Perceptive Advisors Llc Purchases 67,222 Shares of Athenex Inc  Stock
Perceptive Advisors Llc Purchases 67,222 Shares of Athenex Inc Stock


 
© 2006-2019 Zolmax.