Sarasin & Partners Llp Lifted Boston Properties (BXP) Stake; Spirit Airlines (SAVE) Sentiment Is 1.07

January 15, 2018 - By Peter Erickson

Spirit Airlines, Inc. provides low-fare airline services. The company has market cap of $3.35 billion. As of February 7, 2017, it operated approximately 420 daily flights to 59 destinations in the United States, the Caribbean, and Latin America. It has a 15.3 P/E ratio. As of December 31, 2016, the firm had a fleet of 95 Airbus single-aisle aircraft comprising 29 A319s, 45 A320ceos, 5 A320neos, and 16 A321ceos.

Sarasin & Partners Llp increased Boston Properties Inc (BXP) stake by 3.35% reported in 2017Q3 SEC filing. Sarasin & Partners Llp acquired 9,864 shares as Boston Properties Inc (BXP)’s stock declined 11.79%. The Sarasin & Partners Llp holds 304,225 shares with $37.38 million value, up from 294,361 last quarter. Boston Properties Inc now has $20.94B valuation. The stock decreased 1.24% or $1.53 during the last trading session, reaching $122.33. About 637,036 shares traded. Boston Properties, Inc. (NYSE:BXP) has declined 2.18% since January 15, 2017 and is downtrending. It has underperformed by 18.88% the S&P500.

Ratings analysis reveals 50% of Spirit Airlines’s analysts are positive. Out of 4 Wall Street analysts rating Spirit Airlines, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $51.0 while the high is $59.0. The stock’s average target of $55.33 is 14.65% above today’s ($48.26) share price. SAVE was included in 4 notes of analysts from September 29, 2016. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Outperform” rating given on Thursday, September 29 by Imperial Capital. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, February 8. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Buy” rating given on Wednesday, October 26 by Deutsche Bank. The company was downgraded on Friday, November 18 by Citigroup.

Analysts await Spirit Airlines, Inc. (NYSE:SAVE) to report earnings on February, 6. They expect $0.49 EPS, down 36.36% or $0.28 from last year’s $0.77 per share. SAVE’s profit will be $33.99 million for 24.62 P/E if the $0.49 EPS becomes a reality. After $0.94 actual EPS reported by Spirit Airlines, Inc. for the previous quarter, Wall Street now forecasts -47.87% negative EPS growth.

Arlington Value Capital Llc holds 4.3% of its portfolio in Spirit Airlines, Inc. for 1.29 million shares. Rockshelter Capital Management Llc owns 295,481 shares or 3.13% of their US portfolio. Moreover, Scoria Capital Partners Lp has 3.13% invested in the company for 83,550 shares. The New York-based Teewinot Capital Advisers L.L.C. has invested 2.31% in the stock. Mountain Lake Investment Management Llc, a California-based fund reported 180,000 shares.

The stock increased 1.45% or $0.69 during the last trading session, reaching $48.26. About 1.35M shares traded. Spirit Airlines, Inc. (SAVE) has risen 28.69% since January 15, 2017 and is uptrending. It has outperformed by 11.99% the S&P500.

Among 22 analysts covering Boston Properties Inc. (NYSE:BXP), 5 have Buy rating, 0 Sell and 17 Hold. Therefore 23% are positive. Boston Properties Inc. had 64 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, October 9 the stock rating was maintained by SunTrust with “Hold”. Deutsche Bank maintained it with “Buy” rating and $152 target in Monday, July 18 report. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 19. RBC Capital Markets downgraded the stock to “Outperform” rating in Thursday, August 17 report. The firm has “Neutral” rating given on Thursday, May 12 by Suntrust Robinson. The firm has “Hold” rating given on Monday, September 18 by Stifel Nicolaus. On Friday, December 16 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The stock of Boston Properties, Inc. (NYSE:BXP) has “Hold” rating given on Thursday, August 3 by Stifel Nicolaus. The stock has “Equal Weight” rating by Capital One on Friday, February 26. RBC Capital Markets maintained the shares of BXP in report on Thursday, October 27 with “Outperform” rating.

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