11,381 Shares in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Spirit Aerosystems, purchasing 11,381 shares valued at approximately $392,000.
• Spirit Aerosystems reported a significant earnings miss with losses of ($4.25) per share, far below the consensus estimate of ($1.14) for the last quarter.
• The stock of Spirit Aerosystems is currently down 1.0%, with a market capitalization of $4.58 billion and a P/E ratio of -2.14.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,381 shares of the aerospace company's stock, valued at approximately $392,000.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Spirit Aerosystems during the 4th quarter valued at approximately $290,000. LPL Financial LLC raised its position in shares of Spirit Aerosystems by 49.4% during the fourth quarter. LPL Financial LLC now owns 16,527 shares of the aerospace company's stock valued at $563,000 after buying an additional 5,464 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Spirit Aerosystems by 9.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 17,210 shares of the aerospace company's stock worth $587,000 after buying an additional 1,528 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Spirit Aerosystems by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 459,663 shares of the aerospace company's stock worth $15,665,000 after buying an additional 7,935 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Spirit Aerosystems by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,847,904 shares of the aerospace company's stock valued at $62,998,000 after acquiring an additional 75,046 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit Aerosystems Stock Down 1.0%

SPR opened at $39.02 on Monday. The stock's fifty day moving average is $38.62 and its two-hundred day moving average is $35.91. The company has a market capitalization of $4.58 billion, a P/E ratio of -2.14 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. The business's revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.93) earnings per share. Equities analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Susquehanna increased their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 14th.

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.

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