Spirit Airlines Incorporated (NASDAQ:SAVE) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its stake in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 231.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,771 shares of the transportation company’s stock after acquiring an additional 75,272 shares during the period. Landscape Capital Management L.L.C. owned about 0.16% of Spirit Airlines worth $5,144,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Spirit Airlines by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,341,595 shares of the transportation company’s stock worth $251,464,000 after purchasing an additional 114,209 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Spirit Airlines by 18.6% during the 1st quarter. OppenheimerFunds Inc. now owns 2,807,700 shares of the transportation company’s stock worth $148,415,000 after purchasing an additional 440,339 shares during the last quarter. Letko Brosseau & Associates Inc. raised its position in shares of Spirit Airlines by 136.7% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 1,011,820 shares of the transportation company’s stock worth $48,294,000 after purchasing an additional 584,275 shares during the last quarter. Scout Investments Inc. raised its position in shares of Spirit Airlines by 421.7% during the 2nd quarter. Scout Investments Inc. now owns 901,161 shares of the transportation company’s stock worth $43,012,000 after purchasing an additional 728,431 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Spirit Airlines by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 748,803 shares of the transportation company’s stock worth $43,370,000 after purchasing an additional 53,696 shares during the last quarter.

In other news, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $45.97, for a total transaction of $34,477.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward M. Christie III acquired 2,375 shares of the stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $41.93 per share, with a total value of $99,583.75. The disclosure for this purchase can be found here. Insiders have bought a total of 5,051 shares of company stock valued at $211,885 over the last three months. Corporate insiders own 0.33% of the company’s stock.



Several research analysts recently issued reports on SAVE shares. Bank of America downgraded Spirit Airlines from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $71.00 to $61.00 in a research report on Thursday, April 25th. Morgan Stanley lowered their target price on shares of Spirit Airlines from $56.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday. Goldman Sachs Group cut shares of Spirit Airlines from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $69.00 to $60.00 in a research note on Thursday, June 6th. Citigroup set a $67.00 target price on shares of Spirit Airlines and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Raymond James set a $65.00 target price on shares of Spirit Airlines and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.00.

Shares of NASDAQ SAVE traded down $0.21 during trading on Thursday, hitting $37.26. 18,400 shares of the company traded hands, compared to its average volume of 1,161,885. Spirit Airlines Incorporated has a 1 year low of $37.20 and a 1 year high of $65.35. The stock has a 50-day moving average of $46.67.

Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis.

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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