Eisler Capital Management Ltd. Buys Shares of 125,000 Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Eisler Capital Management Ltd. has acquired 125,000 shares of Spirit Aerosystems Holdings, Inc., valued at approximately $4.3 million, indicating growing interest from institutional investors.
• Spirit Aerosystems reported a significant earnings miss for the last quarter, with an EPS of (3.34), compared to analysts' estimate of (0.52), and revenue of $1.64 billion below expectations.
• Analysts have a Moderate Buy rating for Spirit Aerosystems, with an average target price of $38.63, reflecting a mix of optimism and caution in the market.

Eisler Capital Management Ltd. purchased a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,000 shares of the aerospace company's stock, valued at approximately $4,309,000. Eisler Capital Management Ltd. owned about 0.11% of Spirit Aerosystems at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Spirit Aerosystems by 6.2% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock worth $100,605,000 after purchasing an additional 171,935 shares during the last quarter. Appian Way Asset Management LP raised its stake in shares of Spirit Aerosystems by 129.0% during the fourth quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company's stock worth $38,562,000 after purchasing an additional 637,451 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Spirit Aerosystems by 195.6% during the first quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock worth $33,182,000 after purchasing an additional 637,110 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of Spirit Aerosystems by 28.2% during the first quarter. Bank of Nova Scotia now owns 846,000 shares of the aerospace company's stock worth $29,153,000 after purchasing an additional 186,000 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Spirit Aerosystems by 28.7% during the fourth quarter. Royal Bank of Canada now owns 659,083 shares of the aerospace company's stock worth $22,461,000 after purchasing an additional 147,129 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Stock Performance

NYSE:SPR traded down $0.18 during trading hours on Monday, hitting $41.63. The company's stock had a trading volume of 786,974 shares, compared to its average volume of 725,625. The business's 50-day moving average is $39.78 and its two-hundred day moving average is $36.76. The company has a market capitalization of $4.89 billion, a PE ratio of -2.08 and a beta of 1.74. 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 posted its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.82 billion. The business's revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned ($2.73) earnings per share. As a group, analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Susquehanna upped their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.63.

Spirit Aerosystems Company 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.