XTX Topco Ltd Boosts Position in Spirit Airlines, Inc. (NYSE:SAVE)

XTX Topco Ltd raised its stake in Spirit Airlines, Inc. (NYSE:SAVE) by 826.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 204,119 shares of the company’s stock after acquiring an additional 182,094 shares during the period. XTX Topco Ltd’s holdings in Spirit Airlines were worth $490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in Spirit Airlines by 127.6% during the 2nd quarter. Signaturefd LLC now owns 7,926 shares of the company’s stock worth $29,000 after buying an additional 4,443 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Spirit Airlines by 38.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,821 shares of the company’s stock worth $45,000 after acquiring an additional 5,261 shares during the last quarter. Baron Wealth Management LLC increased its holdings in shares of Spirit Airlines by 39.3% in the 3rd quarter. Baron Wealth Management LLC now owns 20,904 shares of the company’s stock valued at $50,000 after acquiring an additional 5,900 shares during the period. Harbor Capital Advisors Inc. raised its position in Spirit Airlines by 17.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 51,852 shares of the company’s stock valued at $124,000 after purchasing an additional 7,562 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in Spirit Airlines by 52.5% during the 2nd quarter. Truist Financial Corp now owns 30,718 shares of the company’s stock worth $112,000 after purchasing an additional 10,580 shares during the period. Institutional investors and hedge funds own 58.73% of the company’s stock.

Spirit Airlines Stock Down 5.6 %

Spirit Airlines stock opened at $1.02 on Friday. The stock’s 50 day moving average price is $1.72 and its 200 day moving average price is $2.52. The company has a market cap of $111.71 million, a PE ratio of -0.17 and a beta of 1.37. The company has a debt-to-equity ratio of 3.86, a current ratio of 0.94 and a quick ratio of 0.94. Spirit Airlines, Inc. has a 1-year low of $1.02 and a 1-year high of $17.02.

Analyst Ratings Changes

A number of brokerages have recently commented on SAVE. Susquehanna reduced their target price on shares of Spirit Airlines from $2.25 to $1.50 and set a “negative” rating for the company in a report on Wednesday, October 9th. TD Cowen decreased their price objective on Spirit Airlines from $2.00 to $1.00 and set a “sell” rating for the company in a research report on Wednesday, November 13th. Finally, Barclays dropped their target price on Spirit Airlines from $3.00 to $0.50 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Seven analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Spirit Airlines currently has a consensus rating of “Reduce” and an average price target of $2.00.

About Spirit Airlines

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.