New York Life Investment Management LLC Buys 49,386 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

New York Life Investment Management LLC raised its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 37.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 180,327 shares of the aerospace company’s stock after purchasing an additional 49,386 shares during the period. New York Life Investment Management LLC owned 0.15% of Spirit AeroSystems worth $6,146,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its holdings in Spirit AeroSystems by 59.2% during the third quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock valued at $3,872,000 after purchasing an additional 44,282 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 112,286 shares during the period. Alpine Associates Management Inc. bought a new stake in Spirit AeroSystems during the third quarter valued at about $77,296,000. International Assets Investment Management LLC lifted its position in shares of Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after acquiring an additional 25,311 shares in the last quarter. Finally, Oak Family Advisors LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $999,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Trading Up 1.2 %

NYSE:SPR opened at $34.89 on Friday. The company has a market capitalization of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a 12 month low of $28.32 and a 12 month high of $37.08. The business’s 50-day moving average is $34.11 and its 200 day moving average is $33.26.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, March 4th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a research report on Friday. They issued a “sell” rating on the stock. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.00.

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.