U S Global Investors Inc Sells 18,941 Shares of Spirit Airlines Incorporated (SAVE)

U S Global Investors Inc lessened its stake in Spirit Airlines Incorporated (NASDAQ:SAVE) by 18.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,827 shares of the transportation company’s stock after selling 18,941 shares during the quarter. Spirit Airlines makes up about 1.9% of U S Global Investors Inc’s portfolio, making the stock its 11th biggest holding. U S Global Investors Inc’s holdings in Spirit Airlines were worth $3,984,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio purchased a new stake in Spirit Airlines in the 2nd quarter worth $105,000. Point72 Hong Kong Ltd increased its holdings in Spirit Airlines by 147.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,904 shares of the transportation company’s stock worth $106,000 after acquiring an additional 1,730 shares in the last quarter. Sei Investments Co. increased its holdings in Spirit Airlines by 127.9% in the 2nd quarter. Sei Investments Co. now owns 3,934 shares of the transportation company’s stock worth $143,000 after acquiring an additional 2,208 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Spirit Airlines by 286.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,445 shares of the transportation company’s stock worth $162,000 after acquiring an additional 3,294 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Spirit Airlines in the 3rd quarter worth $206,000.

Shares of SAVE opened at $64.56 on Tuesday. Spirit Airlines Incorporated has a 52-week low of $34.36 and a 52-week high of $64.94.

Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. The business had revenue of $904.33 million during the quarter, compared to analyst estimates of $904.05 million.

Several equities research analysts recently commented on SAVE shares. Zacks Investment Research lowered shares of Spirit Airlines from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Imperial Capital upped their target price on shares of Spirit Airlines from $72.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Morgan Stanley upped their target price on shares of Spirit Airlines from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, October 15th. Credit Suisse Group began coverage on shares of Spirit Airlines in a research note on Monday, November 19th. They set a “neutral” rating and a $59.00 target price on the stock. Finally, BidaskClub lowered shares of Spirit Airlines from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Spirit Airlines presently has an average rating of “Buy” and an average price target of $60.13.

In related news, SVP Rocky Wiggins sold 566 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $47.89, for a total value of $27,105.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

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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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