Susquehanna Fundamental Investments LLC Buys Shares of 140,771 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the first quarter, Holdings Channel reports. The fund bought 140,771 shares of the aerospace company’s stock, valued at approximately $5,078,000.

A number of other hedge funds have also added to or reduced their stakes in SPR. Graham Capital Management L.P. purchased a new position in Spirit AeroSystems during the 3rd quarter valued at about $934,000. Vanguard Group Inc. grew its holdings in Spirit AeroSystems by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after buying an additional 51,387 shares in the last quarter. Fulton Bank N.A. purchased a new position in Spirit AeroSystems during the 4th quarter valued at about $253,000. SG Americas Securities LLC purchased a new position in Spirit AeroSystems during the 4th quarter valued at about $236,000. Finally, HB Wealth Management LLC grew its holdings in Spirit AeroSystems by 3.2% during the 4th quarter. HB Wealth Management LLC now owns 15,035 shares of the aerospace company’s stock valued at $478,000 after buying an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Trading Up 0.9 %

SPR stock traded up $0.30 during midday trading on Monday, hitting $34.86. The company had a trading volume of 653,211 shares, compared to its average volume of 3,766,133. Spirit AeroSystems Holdings, Inc. has a 52 week low of $14.65 and a 52 week high of $36.34. The stock’s 50 day moving average price is $31.67 and its 200 day moving average price is $31.37. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -3.98 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm earned ($1.69) EPS. The business’s revenue was up 19.0% on a year-over-year basis. Analysts predict that Spirit AeroSystems Holdings, Inc. will post -2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group boosted their price objective on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Barclays reissued an “equal weight” rating and set a $37.00 price objective (down previously from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. StockNews.com assumed coverage on Spirit AeroSystems in a report on Thursday. They set a “sell” rating for the company. Royal Bank of Canada boosted their price objective on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus boosted their price objective on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.49.

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.