Spirit Airlines Ownership
| SAVE Stock | USD 3.22 0.18 5.29% |
Shares in Circulation | First Issued 2009-09-30 | Previous Quarter 109.4 M | Current Value 109.5 M | Avarage Shares Outstanding 74.9 M | Quarterly Volatility 24.2 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Spirit |
Spirit Stock Ownership Analysis
About 45.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.37. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Spirit Airlines recorded a loss per share of 6.2. The entity last dividend was issued on the 22nd of February 2024. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people. To find out more about Spirit Airlines contact Edward III at 954 447 7920 or learn more at https://www.spirit.com.Besides selling stocks to institutional investors, Spirit Airlines also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Spirit Airlines' stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Spirit Airlines' strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Spirit Airlines Quarterly Liabilities And Stockholders Equity |
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Spirit Airlines Insider Trades History
Less than 1% of Spirit Airlines are currently held by insiders. Unlike Spirit Airlines' institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Spirit Airlines' private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Spirit Airlines' insider trades
Spirit Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Spirit Airlines is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Spirit Airlines backward and forwards among themselves. Spirit Airlines' institutional investor refers to the entity that pools money to purchase Spirit Airlines' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2024-06-30 | 856.5 K | Bnp Paribas Arbitrage, Sa | 2024-06-30 | 745.5 K | Goldman Sachs Group Inc | 2024-06-30 | 724.6 K | Jane Street Group Llc | 2024-06-30 | 465.9 K | Federated Hermes Inc | 2024-06-30 | 432.5 K | Ubs Group Ag | 2024-06-30 | 404.2 K | Susquehanna Portfolio Strategies Llc | 2024-06-30 | 265.6 K | Jpmorgan Chase & Co | 2024-06-30 | 259.3 K | Amvescap Plc. | 2024-06-30 | 251.8 K | Us Global Investors Inc | 2024-09-30 | 12 M | Blackrock Inc | 2024-06-30 | 8.1 M |
Spirit Airlines Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Spirit Airlines insiders, such as employees or executives, is commonly permitted as long as it does not rely on Spirit Airlines' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Spirit Airlines insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Melinda Grindle over two months ago Acquisition by Melinda Grindle of 13952 shares of Spirit Airlines subject to Rule 16b-3 | ||
Brian McMenamy over two months ago Acquisition by Brian McMenamy of 131 shares of Spirit Airlines at 5.76 subject to Rule 16b-3 |
Spirit Airlines Outstanding Bonds
Spirit Airlines issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Spirit Airlines uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Spirit bonds can be classified according to their maturity, which is the date when Spirit Airlines has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US84858DAA63 Corp BondUS84858DAA63 | View | |
| SAVE 8 20 SEP 25 Corp BondUS84859BAB71 | View | |
| Spirit Royalty 8 Corp BondUS84859BAA98 | View | |
| US848577AB85 Corp BondUS848577AB85 | View | |
| US84858WAA45 Corp BondUS84858WAA45 | View | |
| SR 48 15 FEB 33 Corp BondUS84859DAC11 | View | |
| SR 33 01 JUN 51 Corp BondUS84859DAA54 | View |
Spirit Airlines Corporate Filings
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 24th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 4th of October 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
F4 | 16th of August 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
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Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share (6.20) | Revenue Per Share 46.897 | Quarterly Revenue Growth (0.11) | Return On Assets (0.05) |
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.