Spirit Airlines Inc (SAVE) Position Decreased by Wasatch Advisors Inc Last Quarter

State Street Corp trimmed its position in shares of Spirit Airlines, Inc. Institutional investors own 95.72% of the company's stock. Teachers Advisors LLC increased its stake in shares of Spirit Airlines by 34.7% during the 1st quarter. First Personal Financial Services now owns 3,088 shares of the transportation company's stock worth $103,000 after buying an additional 1,445 shares during the period.

Filed herewith as Exhibit 23.1 is a consent of Ernst & Young LLP, the Company's independent registered public accounting firm, to the incorporation by reference of their report dated February13, 2017 included in Spirit Airlines, Inc.'s Annual Report on Form 10-K for the year ended December31, 2016 filed on February13, 2017 (the "2016 Form 10-K") into the registration statements listed in such consent (the "Revised Consent"). Teachers Retirement System Of THE State Of Kentucky bolstered its position by buying 12,329 shares an increase of 22.3% as of 09/30/2017.

Analysts expect Spirit Airlines Incorporated (NASDAQ:SAVE) to report $0.49 EPS on February, 6.They anticipate $0.28 EPS change or 36.36 % from last quarter's $0.77 EPS. Principal Financial Group Inc. now owns 11,995 shares of the transportation company's stock valued at $637,000 after acquiring an additional 2,473 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Spirit Airlines by 4.0% during the second quarter. Stanley Laman Group Ltd. now owns 20,344 shares of the company's stock worth $865,000 after buying an additional 61 shares during the period. Victory Capital Management Inc. purchased a new position in Spirit Airlines during the third quarter valued at approximately $142,000.

Institutional investors and hedge funds own 92.85% of the company's stock.

In other news, VP Scott Haralson sold 2,951 shares of the business's stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average cost of $33.78 per share, for a total transaction of $168,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TRADEMARK VIOLATION NOTICE: This article was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & worldwide trademark and copyright law.

Spirit Airlines, Inc is an airline company. Spirit Airlines has a twelve month low of $30.32 and a twelve month high of $60.40. (SAVE) opened at $35.82 on Monday. The company has a market capitalization of $2,450.00, a price-to-earnings ratio of 10.66, a PEG ratio of 1.46 and a beta of 0.71.

Spirit Airlines (NASDAQ:SAVE) last issued its earnings results on Tuesday, October 25th. During the same period in the previous year, the business posted $1.24 earnings per share. The company had revenue of $687.20 million during the quarter, compared to the consensus estimate of $686.13 million. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. The transportation company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04.

Spirit Airlines declared that its Board of Directors has approved a stock repurchase program on Thursday, October 26th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued. Stifel Nicolaus reiterated a buy rating and set a $55.00 target price (down from $75.00) on shares of Spirit Airlines in a research report on Sunday, July 30th.

Equity analyst Citigroup raised the price target of the stock on October 27 changing the forecast from $48.00 to $50.00 and issued a "Buy" rating. On Friday, October 27 the stock rating was maintained by Imperial Capital with "Hold". On Friday, October 6 the stock rating was downgraded by Deutsche Bank to "Hold".

Among 16 analysts covering Spirit Airlines (NASDAQ:SAVE), 4 have Buy rating, 2 Sell and 10 Hold. The company presently has an average rating of "Hold" and a consensus target price of $41.00.

Ratings analysis reveals 50% of Spirit Airlines's analysts are positive. The Company provides air transportation for passengers. The Company's all-Airbus fleet operates more than 385 daily flights to 56 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.