Picton Mahoney Asset Management Purchases Shares of 135,000 Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Picton Mahoney Asset Management acquired a new stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 135,000 shares of the aerospace company's stock, valued at approximately $4,652,000. Picton Mahoney Asset Management owned about 0.12% of Spirit Aerosystems as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Spirit Aerosystems in the fourth quarter valued at about $67,000. Byrne Asset Management LLC boosted its stake in Spirit Aerosystems by 128.2% in the first quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock valued at $161,000 after acquiring an additional 2,629 shares during the period. Cetera Investment Advisers acquired a new position in Spirit Aerosystems in the first quarter valued at approximately $211,000. Sterling Capital Management LLC boosted its stake in Spirit Aerosystems by 52.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company's stock valued at $215,000 after acquiring an additional 2,186 shares during the period. Finally, KBC Group NV boosted its stake in Spirit Aerosystems by 23.1% in the first quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock valued at $243,000 after acquiring an additional 1,322 shares during the period. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Price Performance

Shares of NYSE SPR traded down $0.38 during midday trading on Friday, hitting $39.02. 590,980 shares of the company's stock were exchanged, compared to its average volume of 1,243,715. The firm has a market cap of $4.58 billion, a P/E ratio of -2.14 and a beta of 1.61. Spirit Aerosystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.33. The stock's 50 day moving average price is $38.58 and its 200-day moving average price is $35.84.

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

Analyst Upgrades and Downgrades

Separately, Susquehanna boosted their price objective on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report 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.