Summit Securities Group Decreased Spirit Airls (SAVE) Position, Cott (COT) Sentiment Is 0.87

July 17, 2017 - By Louis Casey

Summit Securities Group Llc decreased Spirit Airls Inc (SAVE) stake by 63.7% reported in 2016Q4 SEC filing. Summit Securities Group Llc sold 6,844 shares as Spirit Airls Inc (SAVE)’s stock rose 4.75%. The Summit Securities Group Llc holds 3,900 shares with $226,000 value, down from 10,744 last quarter. Spirit Airls Inc now has $3.68B valuation. The stock decreased 0.09% or $0.05 on July 14, reaching $53.17. About shares traded. Spirit Airlines Incorporated (NASDAQ:SAVE) has risen 28.69% since July 17, 2016 and is uptrending. It has outperformed by 11.99% the S&P500.

Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The company has market cap of $2.11 billion. The Firm operates through five operating divisions: Water & Coffee Solutions; Cott North America; Cott United Kingdom , Royal Crown International (RCI) and Mexico. It currently has negative earnings. Water & Coffee Solutions segment provides direct-to-consumer products, such as bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, and filtration equipment.

Analysts await Cott Corp (USA) (NYSE:COT) to report earnings on August, 3 before the open. They expect $0.16 EPS, up 6.67% or $0.01 from last year’s $0.15 per share. COT’s profit will be $22.80M for 23.14 P/E if the $0.16 EPS becomes a reality. After $-0.13 actual EPS reported by Cott Corp (USA) for the previous quarter, Wall Street now forecasts -223.08% EPS growth.

Oberweis Asset Management Inc holds 8.03% of its portfolio in Cott Corp (USA) for 2.37 million shares. P2 Capital Partners Llc owns 4.31 million shares or 6.42% of their US portfolio. Moreover, Overbrook Management Corp has 6.02% invested in the company for 2.44 million shares. The New York-based Levin Capital Strategies L.P. has invested 3.99% in the stock. Trellus Management Company Llc, a New York-based fund reported 170,000 shares.

Since January 1, 0001, it had 4 insider purchases, and 0 sales for $2.06 million activity.

The stock increased 2.42% or $0.35 on July 14, reaching $14.81. About shares traded. Cott Corp (USA) (COT) has declined 10.50% since July 17, 2016 and is downtrending. It has underperformed by 27.20% the S&P500.

Analysts await Spirit Airlines Incorporated (NASDAQ:SAVE) to report earnings on July, 27 before the open. They expect $1.09 earnings per share, down 1.80% or $0.02 from last year’s $1.11 per share. SAVE’s profit will be $75.44M for 12.19 P/E if the $1.09 EPS becomes a reality. After $0.51 actual earnings per share reported by Spirit Airlines Incorporated for the previous quarter, Wall Street now forecasts 113.73% EPS growth.

Among 12 analysts covering Spirit Airlines (NASDAQ:SAVE), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Spirit Airlines had 40 analyst reports since August 18, 2015 according to SRatingsIntel. Deutsche Bank maintained Spirit Airlines Incorporated (NASDAQ:SAVE) on Wednesday, October 26 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Tuesday, July 19. Cowen & Co downgraded the shares of SAVE in report on Wednesday, January 4 to “Market Perform” rating. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, December 22. The firm has “Buy” rating by Deutsche Bank given on Wednesday, July 12. The rating was maintained by Citigroup with “Neutral” on Friday, September 25. Barclays Capital maintained the shares of SAVE in report on Friday, October 16 with “Overweight” rating. JP Morgan maintained Spirit Airlines Incorporated (NASDAQ:SAVE) rating on Thursday, February 4. JP Morgan has “Overweight” rating and $51.50 target. The rating was downgraded by Wolfe Research to “Peer Perform” on Monday, October 26. On Friday, June 9 the stock rating was maintained by Cowen & Co with “Hold”.

Since May 5, 2017, it had 0 buys, and 1 insider sale for $185,950 activity. Miranda Edmundo sold 3,131 shares worth $185,950.

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.32, from 1.43 in 2016Q3. It dived, as 41 investors sold SAVE shares while 73 reduced holdings. 50 funds opened positions while 76 raised stakes. 68.45 million shares or 4.99% more from 65.20 million shares in 2016Q3 were reported. 588,075 were reported by Westfield Cap Mgmt Co Limited Partnership. Kempen Management Nv invested in 0.12% or 16,084 shares. Tortoise Mngmt Ltd Liability Corp holds 500 shares or 0.01% of its portfolio. Bankshares Of Nova Scotia owns 56,595 shares or 0.02% of their US portfolio. Smithfield Tru Com reported 695 shares. Ubs Oconnor Limited Liability Corp reported 231,923 shares stake. 2.42M were reported by Jennison Assoc Limited Liability. Jpmorgan Chase & Co reported 0.01% stake. Moreover, Capstone Investment Advsr Ltd Liability has 0.02% invested in Spirit Airlines Incorporated (NASDAQ:SAVE). Tygh Cap owns 84,248 shares or 1.23% of their US portfolio. C M Bidwell And Associates invested in 1,695 shares. Fincl Bank Of Mellon Corp invested in 0.01% or 313,257 shares. Marshall Wace Llp reported 1.10M shares stake. D E Shaw & Company holds 207,932 shares or 0.02% of its portfolio. Schwab Charles Invest Incorporated holds 0.02% of its portfolio in Spirit Airlines Incorporated (NASDAQ:SAVE) for 244,556 shares.

Summit Securities Group Llc increased Coca Cola Co (NYSE:KO) stake by 31,705 shares to 32,100 valued at $1.33M in 2016Q4. It also upped Amgen Inc (NASDAQ:AMGN) stake by 16,605 shares and now owns 16,650 shares. Spdr S And P 500 Etf Tr (SPY) was raised too.

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