Susquehanna Fundamental Investments LLC bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Free Report) 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.
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.
Read Our Latest Research Report on Spirit AeroSystems
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.
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