Gardner Lewis Asset Management L P Takes $961,000 Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Gardner Lewis Asset Management L P bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 28,200 shares of the aerospace company’s stock, valued at approximately $961,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Spirit AeroSystems by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock valued at $368,142,000 after purchasing an additional 203,549 shares during the period. Norges Bank acquired a new stake in Spirit AeroSystems during the 4th quarter valued at $105,879,000. Alpine Associates Management Inc. increased its stake in Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after buying an additional 714,984 shares during the period. National Bank of Canada FI lifted its holdings in Spirit AeroSystems by 3,996.6% in the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after buying an additional 758,599 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPR has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com started coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a “hold” rating for the company. Fifteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Price Performance

Shares of SPR opened at $35.20 on Friday. Spirit AeroSystems Holdings, Inc. has a 12-month low of $28.92 and a 12-month high of $37.08. The business’s fifty day moving average price is $34.24 and its 200 day moving average price is $33.20. The stock has a market capitalization of $4.11 billion, a PE ratio of -2.83 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

About Spirit AeroSystems

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.