Lighthouse Investment Partners LLC Invests $9.63 Million in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Lighthouse Investment Partners LLC bought a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 282,560 shares of the aerospace company’s stock, valued at approximately $9,630,000.

A number of other large investors have also modified their holdings of SPR. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at $32,000. Headlands Technologies LLC acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at $67,000. Byrne Asset Management LLC raised its stake in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at $97,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $36.68 on Monday. The stock has a fifty day moving average price of $33.96 and a two-hundred day moving average price of $33.50. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $38.54. The firm has a market capitalization of $4.30 billion, a P/E ratio of -2.95 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned ($3.93) EPS. Spirit AeroSystems’s quarterly revenue was down 10.6% on a year-over-year basis. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPR. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fourteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.56.

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.