Columbia Partners L L C Investment Management adds Spirit Airlines Incorporated (SAVE) to its portfolio

Spirit Airlines Incorporated (SAVE) : Columbia Partners L L C Investment Management added new position in Spirit Airlines Incorporated during the most recent quarter end. The investment management firm now holds 277,622 shares of Spirit Airlines Incorporated which is valued at $11,099,328 , the company said in a statement filed on Aug 10, 2016 with the SEC.Spirit Airlines Incorporated makes up approximately 0.79% of Columbia Partners L L C Investment Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in SAVE by selling 1,333,526 shares or 77.02% in the most recent quarter. The Hedge Fund company now holds 397,792 shares of SAVE which is valued at $16,086,708. Spirit Airlines Incorporated makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.Olstein Capital Management boosted its stake in SAVE in the latest quarter, The investment management firm added 70,580 additional shares and now holds a total of 334,780 shares of Spirit Airlines Incorporated which is valued at $13,628,894. Spirit Airlines Incorporated makes up approx 1.74% of Olstein Capital Management’s portfolio.Valicenti Advisory Services Inc reduced its stake in SAVE by selling 23,975 shares or 27.96% in the most recent quarter. The Hedge Fund company now holds 61,765 shares of SAVE which is valued at $2,700,983. Spirit Airlines Incorporated makes up approx 1.66% of Valicenti Advisory Services Inc’s portfolio.

Spirit Airlines Incorporated closed down -0.34 points or -0.85% at $39.75 with 8,11,699 shares getting traded on Friday. Post opening the session at $39.85, the shares hit an intraday low of $39.64 and an intraday high of $40.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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