Seaport Global Securities Raises Spirit Airlines Stock For Q4 EPS Estimates Of 2021


Analysts of Seaport  Global Securities lift the Spirit Airlines stock for the Q4 2021 EPS estimates. On Thursday 29th of October, such possibilities were predicted by the Seaport Global Securities. It is also being predicted that the company will circulate earnings of $0.85 for each share for each quarter. Previously the estimates of the last quarter were $0.70. Seaport Global Securities also predicted the price of the Spirit Airlines FY2022 earnings at the rate of $3.00 EPS.

Rates of Spirit Airlines Stock

 On the 24th of July, some stock analysts have also rated the stocks for Spirit Airlines from “c-” to “d-” after carrying out detailed research on the subject. On the other hand, some analysts like the Evercore ISI have changed their views on the Spirit Airline stock. They have upgraded the rating of the shares to “outperform” from “in-line”.

 Finally, four stock analysts have concluded that the Spirit Airline stock will have a sell rating, while three said they will have a hold rating. There have been eight different analysts who decided to stick to the buy rating. of the stock. Therefore, currently, the Spirit Airline stock has an average holding rating and the target price of the consensus of $23.43. The company reported an earning of each share for this particular quarter, keeping the estimate of the consensus by $0.32. 

Wha Do Hedge Funds Say About The Firm?

Many hedge funds had their shareholdings of the company modified. During the second quarter, the Public Employees Retirement System of Ohio raised their holdings of the shares of the Spirit Airlines stock by 63.6%. Currently, the Public Employees Retirement System of Ohio is now the owner of 1,999 shares of the company’s stocks worth $36,000, the institution also got possession of 777 shares during this time.  Many other investment companies have increased their share in this company. Valeo Financial Advisors LLC raised their shares in the company by 1,106.8% during the second quarter. Presently, the Valeo Financial Advisors LLC is the owner of 3,017 shares of the Spirit Airlines stock, worth $54,000, they have also taken up additional 2,767 shares.  The Harel Insurance Investments & Financial Services Ltd. has purchased a new place in the shares of the company in the second quarter worth $71,000. 

Lastly, Thompson Siegel & Walmsley LLC is the owner of 4.000 shares worth $71,000 of the Spirit Airline stock, they have also raised their holdings by 515.4% during the 2nd quarter. The investing company has also acquired 3,350 more shares during this time.