Ballentine Partners LLC Buys Shares of 6,776 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Ballentine Partners LLC acquired a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,776 shares of the aerospace company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently made changes to their positions in SPR. American Century Companies Inc. boosted its position in shares of Spirit AeroSystems by 6.6% during the second quarter. American Century Companies Inc. now owns 12,850 shares of the aerospace company’s stock worth $422,000 after buying an additional 794 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Spirit AeroSystems during the 2nd quarter valued at about $636,000. Hsbc Holdings PLC grew its position in Spirit AeroSystems by 99.9% in the 2nd quarter. Hsbc Holdings PLC now owns 17,209 shares of the aerospace company’s stock valued at $569,000 after acquiring an additional 8,600 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Spirit AeroSystems during the second quarter worth about $207,000. Finally, Ensign Peak Advisors Inc lifted its position in shares of Spirit AeroSystems by 1.4% during the second quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock worth $1,166,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SPR has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Sunday, January 19th. They issued a “sell” rating for the company. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Stock Down 0.1 %

SPR stock opened at $34.23 on Friday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -2.76 and a beta of 1.81. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The business has a 50 day moving average price of $33.18 and a 200 day moving average price of $33.33.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, sell-side analysts anticipate 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.