Amalgamated Bank grew its position in shares of Spirit Airlines, Inc. (NASDAQ:SAVE) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,549 shares of the transportation company’s stock after purchasing an additional 2,297 shares during the quarter. Amalgamated Bank’s holdings in Spirit Airlines were worth $648,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC raised its position in shares of Spirit Airlines by 0.3% in the 2nd quarter. Camarda Financial Advisors LLC now owns 32,224 shares of the transportation company’s stock worth $1,664,000 after acquiring an additional 101 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Spirit Airlines by 0.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 96,711 shares of the transportation company’s stock valued at $5,132,000 after purchasing an additional 246 shares during the period. Aperio Group LLC lifted its stake in shares of Spirit Airlines by 4.6% in the 2nd quarter. Aperio Group LLC now owns 7,260 shares of the transportation company’s stock valued at $375,000 after purchasing an additional 322 shares during the period. Grandeur Peak Global Advisors LLC lifted its stake in shares of Spirit Airlines by 0.4% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 100,700 shares of the transportation company’s stock valued at $5,344,000 after purchasing an additional 400 shares during the period. Finally, Rockshelter Capital Management LLC lifted its stake in shares of Spirit Airlines by 0.3% in the 1st quarter. Rockshelter Capital Management LLC now owns 248,493 shares of the transportation company’s stock valued at $13,188,000 after purchasing an additional 625 shares during the period. Hedge funds and other institutional investors own 96.99% of the company’s stock.

Spirit Airlines, Inc. (SAVE) opened at 33.41 on Monday. The firm has a market cap of $2.32 billion, a P/E ratio of 9.68 and a beta of 0.66. The firm’s 50-day moving average is $35.93 and its 200 day moving average is $48.73. Spirit Airlines, Inc. has a 12-month low of $30.32 and a 12-month high of $60.40.

Spirit Airlines (NASDAQ:SAVE) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The company had revenue of $701.68 million for the quarter, compared to analyst estimates of $702.29 million. Spirit Airlines had a return on equity of 17.96% and a net margin of 9.62%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. Equities analysts forecast that Spirit Airlines, Inc. will post $3.02 earnings per share for the current year.

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In other news, Director H. Mcintyre Gardner acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $33.78 per share, for a total transaction of $168,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Several research firms recently commented on SAVE. Zacks Investment Research raised Spirit Airlines from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $45.00 target price (down from $46.00) on shares of Spirit Airlines in a report on Friday, September 1st. BidaskClub lowered Spirit Airlines from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Buckingham Research lowered Spirit Airlines from a “buy” rating to a “neutral” rating in a research note on Friday, July 28th. Finally, ValuEngine lowered Spirit Airlines from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.13.

About Spirit Airlines

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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