Marshall Wace LLP Grows Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Marshall Wace LLP lifted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1,016.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 230,398 shares of the aerospace company’s stock after buying an additional 209,768 shares during the period. Marshall Wace LLP’s holdings in Spirit AeroSystems were worth $7,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPR. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Spirit AeroSystems during the 1st quarter worth about $25,000. Byrne Asset Management LLC purchased a new position in shares of Spirit AeroSystems in the 2nd quarter worth $30,000. Riverview Trust Co acquired a new position in shares of Spirit AeroSystems in the 1st quarter valued at about $35,000. Allspring Global Investments Holdings LLC lifted its position in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Spirit AeroSystems by 586.2% during the 1st quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 1,659 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Price Performance

Shares of SPR opened at $32.52 on Tuesday. The stock has a market capitalization of $3.79 billion, a PE ratio of -3.74 and a beta of 1.85. The business’s fifty day moving average price is $34.17 and its 200 day moving average price is $33.22. Spirit AeroSystems Holdings, Inc. has a 12-month low of $15.45 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm posted ($1.46) EPS. The business’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -5.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPR shares. Baird R W downgraded Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. Robert W. Baird reissued a “neutral” rating and set a $37.25 target price (up from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. UBS Group raised their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.38.

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.