Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Position Lifted by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 73.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,438,791 shares of the aerospace company's stock after purchasing an additional 1,029,989 shares during the period. Adage Capital Partners GP L.L.C. owned 2.09% of Spirit AeroSystems worth $83,114,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Syon Capital LLC acquired a new position in Spirit AeroSystems in the 4th quarter valued at $319,000. Hsbc Holdings PLC raised its holdings in Spirit AeroSystems by 33.6% during the fourth quarter. Hsbc Holdings PLC now owns 13,509 shares of the aerospace company's stock worth $458,000 after purchasing an additional 3,397 shares in the last quarter. Senator Investment Group LP increased its position in Spirit AeroSystems by 415.3% during the 4th quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company's stock worth $124,000 after purchasing an additional 74,145 shares during the period. Natixis acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $18,806,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock valued at $12,080,000 after buying an additional 219,057 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Price Performance

SPR stock traded up $0.03 during trading on Tuesday, reaching $35.83. 292,403 shares of the stock traded hands, compared to its average volume of 2,010,613. The firm has a market capitalization of $4.19 billion, a PE ratio of -2.88 and a beta of 1.41. The business's 50 day moving average price is $33.63 and its 200-day moving average price is $33.25. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.94 billion. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

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.