139,876 Shares in Spirit Airlines, Inc. (NYSE:SAVE) Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. bought a new position in shares of Spirit Airlines, Inc. (NYSE:SAVE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 139,876 shares of the company’s stock, valued at approximately $2,293,000. Spirit Airlines accounts for about 0.9% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 27th largest position. Roman Butler Fullerton & Co. owned approximately 0.13% of Spirit Airlines as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAVE. Dimensional Fund Advisors LP increased its holdings in Spirit Airlines by 37.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,637,683 shares of the company’s stock worth $79,557,000 after acquiring an additional 997,254 shares during the period. Alliancebernstein L.P. raised its position in shares of Spirit Airlines by 215.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,394,047 shares of the company’s stock valued at $26,236,000 after buying an additional 952,023 shares in the last quarter. Norges Bank purchased a new stake in shares of Spirit Airlines during the 4th quarter valued at $11,875,000. Sonic GP LLC purchased a new stake in shares of Spirit Airlines during the 4th quarter valued at $11,688,000. Finally, Millennium Management LLC raised its position in shares of Spirit Airlines by 354.8% during the 2nd quarter. Millennium Management LLC now owns 761,854 shares of the company’s stock valued at $18,163,000 after buying an additional 594,349 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.

Analysts Set New Price Targets

SAVE has been the topic of several research reports. TD Cowen lowered their price objective on shares of Spirit Airlines from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Tuesday. Evercore ISI lowered their price objective on shares of Spirit Airlines from $18.00 to $3.50 and set an “in-line” rating on the stock in a research report on Thursday, April 4th. Seaport Res Ptn cut shares of Spirit Airlines from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. Bank of America started coverage on shares of Spirit Airlines in a research report on Wednesday, January 17th. They set an “underperform” rating and a $5.00 price objective on the stock. Finally, Citigroup decreased their target price on shares of Spirit Airlines from $4.00 to $3.85 and set a “sell” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $4.91.

Spirit Airlines Trading Down 0.2 %

Spirit Airlines stock traded down $0.01 during trading hours on Thursday, reaching $4.10. The stock had a trading volume of 1,388,948 shares, compared to its average volume of 14,963,567. Spirit Airlines, Inc. has a 52 week low of $3.96 and a 52 week high of $19.69. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day simple moving average of $5.28 and a 200-day simple moving average of $10.41.

Spirit Airlines (NYSE:SAVE) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($1.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Spirit Airlines had a negative net margin of 8.34% and a negative return on equity of 26.38%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. As a group, sell-side analysts anticipate that Spirit Airlines, Inc. will post -2.75 earnings per share for the current fiscal year.

Spirit Airlines Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 22nd.

Spirit Airlines Company Profile

Spirit Airlines, Inc provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc in 1992.