Spirit Airlines, Inc. (SAVE) Coverage Initiated at Macquarie

"(NASDAQ:SAVE) Purchased by Caxton Associates LP" was published by StockNewsTimes and is the property of of StockNewsTimes.

A number of other analysts have also weighed in on SAVE.

In a research note revealed to investors this morning, Stifel Nicolaus maintained their Buy rating on Spirit Airlines (NASDAQ:SAVE) shares.

On August 17 Morgan Stanley kept the stock rating at "Equal-Weight" but lowered the price target from $59.00 to $46.00. They issued a neutral rating and a $33.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. $43.50's average target is 22.81% above currents $35.42 stock price.

Shares of Spirit Airlines (SAVE) traded up 1.33% during mid-day trading on Monday, hitting $34.16. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The firm has a market cap of $2.40 billion, a P/E ratio of 10.01 and a beta of 0.66. The stock is now moving above its 20-Day Simple Moving Average of 2.14% with a 50-Day Simple Moving Average of -0.26 percent. Spirit Airlines has a 52-week low of $30.32 and a 52-week high of $60.40. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. The firm had revenue of $701.68 million during the quarter, compared to the consensus estimate of $702.29 million. The business's revenue was up 20.1% compared to the same quarter past year. During the same quarter in the previous year, the firm posted $1.11 EPS.

Spirit Airlines, Inc. (NASDAQ:SAVE) yearly performance is -23.55% and net profit margin is 9.60%. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark law. The legal version of this story can be accessed at

Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. State of New Jersey Common Pension Fund D boosted its position in shares of Spirit Airlines by 127.3% in the 2nd quarter. Principal Financial Group Inc. now owns 11,995 shares of the transportation company's stock worth $637,000 after buying an additional 2,473 shares in the last quarter. The third largest holder is Wellington Management Group Llp, which now holds $137.85 million worth of this stock and that ownership represents almost 5.7% of its market capitalization. Public Employees Retirement System of OH now owns 96,711 shares of the transportation company's stock worth $5,132,000 after buying an additional 246 shares in the last quarter. The value of the investment in (SAVE) went from $391,000 to $4,587,000 a change of 1,073.1% since the last quarter. Advisor Group Inc. now owns 2,170 shares of the transportation company's stock worth $113,000 after purchasing an additional 344 shares in the last quarter. As of quarter end Cantab Capital Partners Llp had acquired 29,019 shares growing its position 198.9%.

University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Finally, FMR LLC boosted its position in Spirit Airlines by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 2,128,314 shares of the transportation company's stock worth $109,927,000 after buying an additional 82,438 shares in the last quarter. Sg Americas Secs Lc stated it has 0% of its portfolio in Spirit Airlines Incorporated (NASDAQ:SAVE).

Nevertheless, the company's revenue passenger miles in September hiked 5.9% thanks to an 8.9% gain in overall capacity. As of December 31, 2016, the Business's all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America.

Like this



19 October 2017
Analyzing the Financial Health of CenterPoint Energy, Inc. (NYSE:CNP)
Over the last five days, shares have managed 2.54% gains and now is up 5.68% since hitting its 200-day moving average of $28.49. CenterPoint Energy, Inc . (NYSE: CNP ) has a market cap of $12.85 billion and over the last 12 months, CNP has risen by 31.69%.

19 October 2017
Medicare open enrollment starts soon
Both you and your wife can apply for a Medicare Supplement and qualify as long as you follow the rules. Medicare Advantage companies must cover all of the services that Original Medicare covers.

19 October 2017
Lionel Messi's 100th European Goal Puts 10-Man Barcelona by Olympiacos
Pique was sent off for a second yellow card in Wednesday's match with Olympiacos . However, Barcelona continued to outclass Olympiakos despite playing with 10 men.

19 October 2017
Cris Cyborg Not Backing Down Regarding Holly Holm USADA Demands
UFC women's featherweight champion Cris Cyborg would like to clarify her stance on Holly Holm and performance-enhancing drugs. Those numbers are a bit misleading, however, considering she has already fought 3 times in 2017 compared to my 1 fight.

19 October 2017
Gordon Hayward Suffers Gruesome Ankle Injury ... During Celtics Debut
The pre-game spotlight focused on Irving and his return to Cleveland after his surprising off-season trade request. With the Utah Jazz last season, Hayward averaged career-high in points (21.9) and field-goal percentage (47.1%).

19 October 2017
Interpublic Group of Companies, (NYSE:IPG) Experiences Heavier than Usual Trading Volume
The company reported the earnings of $0.27/Share in the last quarter where the estimated EPS by analysts was $0.34/share. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

19 October 2017
Google's pop-up stores will sell Pixels and Google Homes this year
One of the first that was announced is the TicHome Mini, and it's finally available for purchase at a special introductory price. As Robby states in the video, the Google Home Mini is the ideal gateway device for those looking to test the smart-home waters.

18 October 2017
Analyst's Predictions on Mondelez International, Inc. (MDLZ), WW Grainger, Inc. (GWW)
Crestpoint Capital Mgmt Limited Liability Company reported 0.11% of its portfolio in Mondelez International Inc (NASDAQ:MDLZ). Royal Commercial Bank Of Canada holds 0.23% of its portfolio in Mondelez International Inc (NASDAQ: MDLZ ) for 10.45M shares.

18 October 2017
Police identify victim in murder investigation in southwest Calgary
A man wanted for questioning in a Calgary homicide has died following a high-risk traffic stop in Revelstoke on Tuesday. Officers said there was no response, and when they eventually approached the vehicle, a man was discovered dead inside.

18 October 2017
5-year-old's gravestone repossessed after payment dispute
The boy never got a chance to go to a NASCAR race, but was a devoted fan of the sport, and idolized NASCAR star Richard Petty. Yeley and crew members from the teams of Kyle Busch, Aric Almirola, Jimmie Johnson and Dale Earnhardt, Jr. attended.