Trader Alert: Unusual Volume Spotted in Spirit Airlines, Inc. (NASDAQ:SAVE)

Bruno Cirelli
Luglio 28, 2017

They now have a Dollars 60 price target on the stock. Envestnet Asset Management Inc. now owns 3,731 shares of the transportation company's stock valued at $216,000 after buying an additional 92 shares during the period. Muhlenkamp & Co Inc who had been investing in Spirit Airls Inc Com for a number of months, seems to be less bullish one the $3.45 billion market cap company. The VP now owns $2,747,738 of the stock per the Form 4 SEC filing.

Shares of Spirit Airlines (NASDAQ SAVE) traded down 2.19% during midday trading on Monday, reaching $49.02. It has outperformed by 11.99% the S&P500. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume.

So the company beats the analysts estimate by $0.02/share showing a surprise of 4.1%.

It is down 0.00% since July 27, 2016 and is.

Shares of Spirit Airlines, Inc. (NASDAQ:BGCP) has risen 28.91% since July 24, 2016 and is uptrending. It has outperformed by 171.72% the S&P500. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Therefore 42% are positive. The brokerage now has a "buy" rating on the transportation company's stock. Citigroup has "Neutral" rating and $55 target. They now have a $56.00 price target on the stock, down previously from $60.00. Cantor Fitzgerald downgraded Wix.Com Ltd (NASDAQ:WIX) on Tuesday, April 11 to "Neutral" rating.

Media headlines about Spirit Airlines (NASDAQ:SAVE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The rating was maintained by Imperial Capital on Tuesday, November 22 with "Outperform". Beaufort Securities downgraded the stock to "Hold" rating in Tuesday, September 8 report.

08/04/2016 - Spirit Airlines, Inc. was upgraded to " by analysts at Raymond James.

Anchor Bolt Capital Lp decreased Parker Hannifin Corp (NYSE:PH) stake by 102,186 shares to 481,163 valued at $67.36 million in 2016Q4. Envestnet Asset Management Inc. raised its position in Spirit Airlines by 2.5% in the fourth quarter. (NASDAQ:SAVE) by 0.2% during the first quarter, according to its most recent filing with the SEC.

Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings results on Thursday, July 27th. Its up 0.35, from 1.43 in 2016Q3. It fall, as 10 investors sold Daktronics, Inc. shares while 35 reduced holdings. 50 funds opened positions while 76 raised stakes. Citigroup stated it has 26,919 shares. C M Bidwell And Associates Limited owns 1,695 shares for 0.02% of their portfolio. Jacobs Levy Equity holds 0.03% or 135,900 shares. Louisiana State Employees Retirement reported 0.01% of its portfolio in Daktronics, Inc.

In the second quarter, Southwest RASM grew 1.5%. Keybank Natl Association Oh invested 0.01% in Spirit Airlines Incorporated (NASDAQ:SAVE). Verition Fund Mgmt Lc accumulated 0.03% or 6,591 shares. Emerald Advisers Incorporated Pa has invested 1.41% of its portfolio in Spirit Airlines Incorporated (NASDAQ:SAVE). Guggenheim Capital LLC raised its position in Spirit Airlines by 6.5% in the fourth quarter.

Since May 5, 2017, it had 0 buys, and 1 sale for $185,950 activity. Spirit Airlines, Inc. (NASDAQ:SAVE) notched a 12-month high of $66.23 while $75.00 target is by far the most aggressive out of analysts who are now evaluating SAVE, $8.77 higher than the next highest 52-week price estimate. During the same quarter in the prior year, the company earned $1.11 earnings per share. Finally, Norges Bank purchased a new position in shares of Spirit Airlines during the fourth quarter valued at about $14,285,000.

Investors sentiment decreased to 0.88 in 2016 Q4. At the time of writing, the stock had slid down -19.51% since the open. The company has market cap of $3.30 billion. Peak6 Investments LP reported 0% in BGC Partners, Inc. State Of Tennessee Treasury Department has invested 0% in Daktronics, Inc. The New York-based Metropolitan Life Insur has invested 0% in Spirit Airlines Incorporated (NASDAQ:SAVE).

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