Voya Investment Management LLC Sells 392,201 Shares of Spirit Airlines Incorporated (NASDAQ:SAVE)

Voya Investment Management LLC trimmed its position in shares of Spirit Airlines Incorporated (NASDAQ:SAVE) by 93.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,193 shares of the transportation company’s stock after selling 392,201 shares during the period. Voya Investment Management LLC’s holdings in Spirit Airlines were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of Spirit Airlines in the second quarter worth $28,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Spirit Airlines by 20.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,661 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 278 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in shares of Spirit Airlines by 549.0% during the second quarter. Point72 Hong Kong Ltd now owns 1,707 shares of the transportation company’s stock valued at $81,000 after buying an additional 1,444 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Spirit Airlines during the second quarter valued at about $134,000. Finally, Advisor Group Inc. grew its stake in shares of Spirit Airlines by 12.4% during the second quarter. Advisor Group Inc. now owns 3,341 shares of the transportation company’s stock valued at $160,000 after buying an additional 368 shares during the last quarter.

Shares of SAVE stock opened at $38.36 on Friday. The company’s fifty day simple moving average is $38.44 and its two-hundred day simple moving average is $41.58. Spirit Airlines Incorporated has a 52 week low of $32.97 and a 52 week high of $64.76.

Spirit Airlines (NASDAQ:SAVE) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.09. The business had revenue of $991.97 million for the quarter, compared to analysts’ expectations of $987.68 million. During the same quarter in the prior year, the company posted $1.47 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year.

Several research firms recently issued reports on SAVE. BidaskClub cut Spirit Airlines from a “hold” rating to a “sell” rating in a research note on Friday. Credit Suisse Group reaffirmed a “hold” rating and set a $43.00 price objective on shares of Spirit Airlines in a research report on Monday, October 28th. Morgan Stanley lowered their target price on shares of Spirit Airlines from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. TheStreet lowered shares of Spirit Airlines from a “b-” rating to a “c” rating in a report on Wednesday, August 21st. Finally, Cowen lowered their target price on shares of Spirit Airlines from $51.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $50.67.

Spirit Airlines Company Profile

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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