Senator Investment Group LP Increases Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Senator Investment Group LP raised its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 415.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 92,000 shares of the aerospace company’s stock after purchasing an additional 74,145 shares during the quarter. Senator Investment Group LP’s holdings in Spirit AeroSystems were worth $124,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Spirit AeroSystems by 161.8% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company’s stock valued at $12,080,000 after purchasing an additional 219,057 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 buying an additional 112,286 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $520,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems in the fourth quarter worth $32,000. Finally, Oak Family Advisors LLC bought a new stake in Spirit AeroSystems in the fourth quarter valued at $999,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

SPR has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com began coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Hold” and an average price target of $36.56.

Spirit AeroSystems Trading Up 0.7 %

Spirit AeroSystems stock opened at $33.47 on Monday. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of -2.70 and a beta of 1.41. The business’s fifty day simple moving average is $33.62 and its two-hundred day simple moving average is $33.14. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

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.