Spirit Airlines Inc. (NASDAQ:SAVE) VP Scott Haralson sold 2,951 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $51.32, for a total value of $151,445.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Spirit Airlines Inc. (NASDAQ:SAVE) opened at 52.88 on Wednesday. The firm’s 50-day moving average price is $46.14 and its 200-day moving average price is $43.08. Spirit Airlines Inc. has a 52-week low of $34.63 and a 52-week high of $55.10. The stock has a market cap of $3.67 billion, a P/E ratio of 12.93 and a beta of 0.76.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. Spirit Airlines had a net margin of 12.85% and a return on equity of 24.09%. The firm earned $621.30 million during the quarter, compared to the consensus estimate of $611.52 million. During the same quarter in the previous year, the firm posted $1.35 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts predict that Spirit Airlines Inc. will post $4.02 EPS for the current year.

Insider Buying and Selling by Quarter for Spirit Airlines (NASDAQ:SAVE)

Several large investors have recently modified their holdings of the stock. RS Investment Management Co. LLC increased its stake in shares of Spirit Airlines by 11.9% in the second quarter. RS Investment Management Co. LLC now owns 772,956 shares of the company’s stock worth $34,683,000 after buying an additional 82,317 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Spirit Airlines by 583.0% in the first quarter. Wellington Management Group LLP now owns 1,618,183 shares of the company’s stock worth $77,641,000 after buying an additional 1,381,250 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Spirit Airlines during the second quarter worth about $1,019,000. Artemis Investment Management LLP increased its stake in shares of Spirit Airlines by 31.1% in the second quarter. Artemis Investment Management LLP now owns 623,790 shares of the company’s stock worth $28,002,000 after buying an additional 148,133 shares during the last quarter. Finally, Cortina Asset Management LLC increased its stake in shares of Spirit Airlines by 17.4% in the second quarter. Cortina Asset Management LLC now owns 220,086 shares of the company’s stock worth $9,875,000 after buying an additional 32,689 shares during the last quarter. 97.77% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on SAVE shares. Vetr lowered Spirit Airlines from a “strong-buy” rating to a “buy” rating and set a $48.00 price objective for the company. in a report on Monday, October 17th. Deutsche Bank AG reduced their price objective on Spirit Airlines from $56.00 to $52.00 and set a “buy” rating for the company in a report on Monday, August 1st. Citigroup Inc. reissued a “buy” rating and set a $56.00 price objective on shares of Spirit Airlines in a report on Tuesday, July 19th. Credit Suisse Group AG set a $55.00 price objective on Spirit Airlines and gave the company a “buy” rating in a report on Tuesday, September 13th. Finally, Zacks Investment Research raised Spirit Airlines from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 17th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $56.04.

About Spirit Airlines

Spirit Airlines, Inc is an airline company. The Company’s all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket.

5 Day Chart for NASDAQ:SAVE

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