Spirit Aerosystems Holdings, Inc. $SPR Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 147.5% in the second quarter, Holdings Channel reports. The institutional investor owned 19,092 shares of the aerospace company’s stock after acquiring an additional 11,379 shares during the quarter. AlphaQuest LLC’s holdings in Spirit Aerosystems were worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPR. Millennium Management LLC increased its holdings in shares of Spirit Aerosystems by 51.9% during the 1st quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company’s stock worth $87,722,000 after buying an additional 870,263 shares during the last quarter. AQR Arbitrage LLC increased its holdings in shares of Spirit Aerosystems by 73.9% during the 1st quarter. AQR Arbitrage LLC now owns 1,093,536 shares of the aerospace company’s stock worth $37,640,000 after buying an additional 464,755 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Spirit Aerosystems by 56.6% during the 1st quarter. Royal Bank of Canada now owns 1,032,014 shares of the aerospace company’s stock worth $35,563,000 after buying an additional 372,931 shares during the last quarter. CIBRA Capital Ltd acquired a new stake in shares of Spirit Aerosystems during the 1st quarter worth approximately $11,987,000. Finally, TIG Advisors LLC increased its holdings in shares of Spirit Aerosystems by 18.3% during the 1st quarter. TIG Advisors LLC now owns 2,057,216 shares of the aerospace company’s stock worth $70,892,000 after buying an additional 318,122 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. Zacks Research upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Susquehanna lifted their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.63.

Spirit Aerosystems Stock Up 0.6%

NYSE:SPR opened at $39.71 on Tuesday. The company has a fifty day simple moving average of $39.56 and a two-hundred day simple moving average of $38.38. The company has a market cap of $4.66 billion, a price-to-earnings ratio of -1.98 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33.

Spirit Aerosystems (NYSE:SPR) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.82 billion. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted ($2.73) EPS. On average, analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Spirit Aerosystems Company 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.