Spirit Airlines, Inc. (NYSE:SAVE) Shares Sold by Deutsche Bank AG

Spirit Airlines, Inc. is a publicly traded airline company based in Miramar, Florida, United States. The company operates scheduled flights throughout North America and has a fleet of over 140 aircraft.

Deutsche Bank AG is a multinational investment bank and financial services company headquartered in Frankfurt, Germany. The bank provides a range of services including corporate finance, investment banking, asset management, and retail banking.

In its most recent 13F filing with the Securities & Exchange Commission (SEC), Spirit Airlines, Inc. disclosed that Deutsche Bank AG had lessened its stake in the company by 85.4% during the third quarter of 2021. This means that the bank sold a significant portion of its shares in the company during this period.

According to the filing, Deutsche Bank AG owned 48,616 shares of Spirit Airlines, Inc.'s stock after selling 284,346 shares during the quarter. This represents a reduction in the bank's ownership stake from 209,962 shares at the end of the second quarter to 48,616 shares at the end of the third quarter.

It is important to note that the sale of shares by Deutsche Bank AG does not necessarily indicate any negative view of Spirit Airlines, Inc. or its business prospects. Rather, it may reflect the bank's decision to diversify its investment portfolio or reduce its exposure to certain sectors or companies.