Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

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 position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,381 shares of the aerospace company's stock, valued at approximately $392,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Treasurer of the State of North Carolina grew its position in Spirit Aerosystems by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock valued at $1,737,000 after acquiring an additional 320 shares in the last quarter. ProShare Advisors LLC lifted its stake in Spirit Aerosystems by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after purchasing an additional 703 shares during the last quarter. KBC Group NV lifted its stake in Spirit Aerosystems by 23.1% during the first quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after purchasing an additional 1,322 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in Spirit Aerosystems by 5.0% during the fourth quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock worth $1,020,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Spirit Aerosystems by 9.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,210 shares of the aerospace company's stock worth $587,000 after purchasing an additional 1,528 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR traded up $0.26 during trading on Thursday, hitting $39.86. 284,809 shares of the stock were exchanged, compared to its average volume of 1,227,517. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of -1.99 and a beta of 1.70. The company's fifty day simple moving average is $38.75 and its 200-day simple moving average is $35.99.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned ($2.73) EPS. The company's revenue was up 9.6% compared to the same quarter last year. On average, research analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.