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Spirit Airlines
SAVE

$2.82
0.36%

Market Cap: 309M

 

About: Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.

Employees: 13,167

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 16 analysts
0
News positive %
of 21 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

8% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 59

11% less funds holding

Funds holding: 222 [Q4 2023] → 197 (-25) [Q1 2024]

18.61% less ownership

Funds ownership: 59.34% [Q4 2023] → 40.74% (-18.61%) [Q1 2024]

31% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 81

52% less call options, than puts

Call options by funds: $121M | Put options by funds: $254M

80% less capital invested

Capital invested by funds: $1.06B [Q4 2023] → $217M (-$843M) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 0 (-7) [Q1 2024]

Research analyst outlook

16 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$2
29%
downside
Avg. target
$3.18
13%
upside
High target
$4
42%
upside

16 analyst ratings

positive
0%
neutral
25%
12 negative
75%
Citigroup
Stephen Trent
2%downside
$2.75
Sell
Maintained
23 Jul 2024
TD Cowen
Helane Becker
29%downside
$2
Sell
Downgraded
17 Jul 2024
B of A Securities
Andrew Didora
2%downside
$2.75
Underperform
Maintained
17 Jul 2024
Susquehanna
Christopher Stathoulopoulos
11%downside
$2.5
Negative
Maintained
16 Jul 2024
Barclays
Brandon Oglenski
6%upside
$3
Underweight
Maintained
10 Jul 2024

Financial journalist opinion

Based on 21 articles about SAVE published over the past 30 days