SG Americas Securities LLC Has $11.10 Million Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

SG Americas Securities LLC raised its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1,295.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,793 shares of the aerospace company’s stock after buying an additional 302,439 shares during the quarter. SG Americas Securities LLC owned about 0.28% of Spirit AeroSystems worth $11,103,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ballentine Partners LLC bought a new stake in Spirit AeroSystems in the 4th quarter valued at $231,000. Oak Thistle LLC raised its position in shares of Spirit AeroSystems by 12.1% during the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock valued at $496,000 after buying an additional 1,568 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Spirit AeroSystems by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company’s stock valued at $340,000 after buying an additional 5,000 shares during the period. Wedmont Private Capital acquired a new stake in Spirit AeroSystems during the fourth quarter worth about $253,000. Finally, JPMorgan Chase & Co. increased its stake in Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after acquiring an additional 112,286 shares during the period. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Price Performance

Shares of SPR opened at $34.24 on Friday. The company has a market capitalization of $4.00 billion, a P/E ratio of -2.76 and a beta of 1.81. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08. The business’s 50 day simple moving average is $33.11 and its 200-day simple moving average is $33.34.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. On average, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com initiated coverage on Spirit AeroSystems in a report on Sunday, January 19th. They set a “sell” rating on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.