Nwi Management Lp Lowers stake in Spirit Airlines Incorporated (SAVE)

Spirit Airlines Incorporated (SAVE) : Nwi Management Lp reduced its stake in Spirit Airlines Incorporated by 17.14% during the most recent quarter end. The investment management company now holds a total of 116,000 shares of Spirit Airlines Incorporated which is valued at $4,637,680 after selling 24,000 shares in Spirit Airlines Incorporated , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Spirit Airlines Incorporated makes up approximately 0.46% of Nwi Management Lp’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in SAVE by selling 2,700 shares or 11.25% in the most recent quarter. The Hedge Fund company now holds 21,300 shares of SAVE which is valued at $851,574.First Pacific Advisors boosted its stake in SAVE in the latest quarter, The investment management firm added 24,550 additional shares and now holds a total of 100,950 shares of Spirit Airlines Incorporated which is valued at $4,082,418. Spirit Airlines Incorporated makes up approx 0.03% of First Pacific Advisors’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in SAVE by selling 5,000 shares or 5.56% in the most recent quarter. The Hedge Fund company now holds 85,000 shares of SAVE which is valued at $3,360,050. Spirit Airlines Incorporated makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.California State Teachers Retirement System boosted its stake in SAVE in the latest quarter, The investment management firm added 248 additional shares and now holds a total of 155,268 shares of Spirit Airlines Incorporated which is valued at $6,137,744. Spirit Airlines Incorporated makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in SAVE by selling 178,549 shares or 37.95% in the most recent quarter. The Hedge Fund company now holds 291,997 shares of SAVE which is valued at $12,482,872. Spirit Airlines Incorporated makes up approx 0.66% of Emerald Mutual Fund Advisers Trust’s portfolio.

Spirit Airlines Incorporated opened for trading at $39.9 and hit $40.5 on the upside on Tuesday, eventually ending the session at $39.9, with a gain of 0.25% or 0.1 points. The heightened volatility saw the trading volume jump to 7,85,096 shares. Company has a market cap of $2,794 M.

On the company’s financial health, Spirit Airlines Incorporated reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $1.08. The company had revenue of $584.10 million for the quarter, compared to analysts expectations of $585.04 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Spirit Airlines Incorporated. Spirit Airlines Incorporated was Upgraded by Raymond James to ” Strong Buy” on Aug 4, 2016. Shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy” and Lowered the Price Target to $ 52 from a previous price target of $56 .Spirit Airlines Incorporated was Upgraded by Credit Suisse to ” Outperform” on Jun 20, 2016.

Spirit Airlines Inc. is an airline company. The Company’s all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services. The Company’s route network includes approximately 151 markets served by 56 airports throughout North America Central America South America and the Caribbean. The Company operates international services to Aruba the Bahamas Colombia Costa Rica Dominican Republic El Salvador Guatemala Haiti Honduras Jamaica Mexico Nicaragua Panama Peru and St. Maarten as well as Puerto Rico and the United States Virgin Islands.

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