AQR Arbitrage LLC Grows Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

AQR Arbitrage LLC boosted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 628,781 shares of the aerospace company's stock after purchasing an additional 224,405 shares during the quarter. AQR Arbitrage LLC owned about 0.54% of Spirit AeroSystems worth $21,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after buying an additional 112,286 shares in the last quarter. Wedmont Private Capital bought a new position in Spirit AeroSystems in the 4th quarter worth about $253,000. FNY Investment Advisers LLC increased its stake in Spirit AeroSystems by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company's stock valued at $340,000 after purchasing an additional 5,000 shares in the last quarter. Oak Thistle LLC raised its holdings in Spirit AeroSystems by 12.1% in the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company's stock worth $496,000 after buying an additional 1,568 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $231,000. Institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Trading Down 0.1 %

SPR stock traded down $0.03 during midday trading on Friday, reaching $35.94. 1,331,355 shares of the company's stock traded hands, compared to its average volume of 2,009,596. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.08. The stock has a market cap of $4.21 billion, a P/E ratio of -2.89 and a beta of 1.63. The stock's 50-day moving average is $33.78 and its 200 day moving average is $33.36.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. The business's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($3.93) earnings per share. As a group, research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPR has been the subject of a number of recent analyst reports. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and an average target price of $36.56.

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.