Spirit Aerosystems Holdings, Inc. $SPR Stake Boosted by BCK Capital Management LP

BCK Capital Management LP increased its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 75.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 129,860 shares of the aerospace company’s stock after acquiring an additional 55,701 shares during the period. Spirit Aerosystems comprises 4.3% of BCK Capital Management LP’s holdings, making the stock its 5th largest position. BCK Capital Management LP’s holdings in Spirit Aerosystems were worth $4,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC grew 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 acquiring an additional 870,263 shares during the period. AQR Arbitrage LLC lifted its stake in shares of Spirit Aerosystems by 73.9% in the 1st quarter. AQR Arbitrage LLC now owns 1,093,536 shares of the aerospace company’s stock valued at $37,640,000 after purchasing an additional 464,755 shares during the period. Royal Bank of Canada boosted its position in shares of Spirit Aerosystems by 56.6% during the first quarter. Royal Bank of Canada now owns 1,032,014 shares of the aerospace company’s stock valued at $35,563,000 after purchasing an additional 372,931 shares in the last quarter. TIG Advisors LLC grew its stake in Spirit Aerosystems by 18.3% in the first quarter. TIG Advisors LLC now owns 2,057,216 shares of the aerospace company’s stock worth $70,892,000 after purchasing an additional 318,122 shares during the period. Finally, Amundi raised its holdings in Spirit Aerosystems by 24,236.6% in the first quarter. Amundi now owns 285,955 shares of the aerospace company’s stock worth $9,262,000 after purchasing an additional 284,780 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Down 0.1%

SPR opened at $35.60 on Friday. The business has a fifty day moving average of $38.83 and a 200 day moving average of $38.60. The stock has a market cap of $4.18 billion, a P/E ratio of -1.78 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 released its earnings results on Friday, October 31st. The aerospace company reported ($4.87) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($4.50). The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.92 billion. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted ($3.03) EPS. Equities analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Spirit Aerosystems in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Susquehanna boosted their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.63.

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.