Spirit Airlines Inc. (NASDAQ:SAVE) VP Robert Schroeter sold 3,500 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $53.76, for a total transaction of $188,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Spirit Airlines Inc. (NASDAQ:SAVE) traded down 0.746% on Monday, reaching $53.339. 557,233 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $47.13 and a 200-day moving average of $43.30. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 13.045 and a beta of 0.76. Spirit Airlines Inc. has a 12 month low of $34.99 and a 12 month high of $55.10.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.07. Spirit Airlines had a net margin of 12.85% and a return on equity of 24.09%. The business earned $621.30 million during the quarter, compared to analysts’ expectations of $611.52 million. During the same period in the previous year, the company earned $1.35 earnings per share. Spirit Airlines’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts expect that Spirit Airlines Inc. will post $4.02 earnings per share for the current year.

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

SAVE has been the topic of a number of research reports. Citigroup Inc. cut their target price on shares of Spirit Airlines from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Vetr raised shares of Spirit Airlines from a “buy” rating to a “strong-buy” rating and set a $51.50 target price on the stock in a research note on Tuesday, October 18th. Imperial Capital initiated coverage on shares of Spirit Airlines in a research note on Thursday, September 29th. They set an “outperform” rating and a $51.00 price target on the stock. Deutsche Bank AG dropped their price target on shares of Spirit Airlines from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Finally, Raymond James Financial Inc. raised shares of Spirit Airlines from an “outperform” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a research note on Thursday, August 4th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.81.

A number of institutional investors have recently added to or reduced their stakes in SAVE. State Street Corp boosted its position in Spirit Airlines by 3.2% in the first quarter. State Street Corp now owns 965,922 shares of the company’s stock valued at $46,349,000 after buying an additional 29,746 shares during the last quarter. Geode Capital Management LLC boosted its position in Spirit Airlines by 3.6% in the first quarter. Geode Capital Management LLC now owns 456,203 shares of the company’s stock valued at $21,888,000 after buying an additional 16,056 shares during the last quarter. A.R.T. Advisors LLC bought a new position in Spirit Airlines during the first quarter valued at approximately $1,804,000. Royal Bank of Canada boosted its position in Spirit Airlines by 11.4% in the first quarter. Royal Bank of Canada now owns 453,565 shares of the company’s stock valued at $21,762,000 after buying an additional 46,490 shares during the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in Spirit Airlines during the first quarter valued at approximately $333,000. Hedge funds and other institutional investors own 98.12% of the company’s stock.

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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