72,205 Shares in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Purchased by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda acquired 72,205 shares of Spirit Aerosystems Holdings, Inc. valued at approximately $2,488,000, increasing their ownership to about 0.06% as of the recent quarter.
• Spirit Aerosystems reported a loss of ($4.25) earnings per share in its latest quarterly results, missing analyst expectations by ($3.11), with revenue down 10.6% compared to the previous year.
• Analysts at Susquehanna raised the price target for Spirit Aerosystems from $37.00 to $40.00, maintaining a "neutral" rating on the stock.

Kapitalo Investimentos Ltda acquired a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,205 shares of the aerospace company's stock, valued at approximately $2,488,000. Kapitalo Investimentos Ltda owned approximately 0.06% of Spirit Aerosystems at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPR. Raymond James Financial Inc. purchased a new stake in Spirit Aerosystems during the 4th quarter worth about $290,000. Xponance Inc. purchased a new stake in Spirit Aerosystems during the 4th quarter worth about $225,000. KLP Kapitalforvaltning AS purchased a new stake in Spirit Aerosystems during the 4th quarter worth about $838,000. LPL Financial LLC boosted its stake in Spirit Aerosystems by 49.4% in the 4th quarter. LPL Financial LLC now owns 16,527 shares of the aerospace company's stock worth $563,000 after buying an additional 5,464 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Spirit Aerosystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after buying an additional 203,549 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Trading Down 0.1%

Shares of NYSE:SPR opened at $40.94 on Friday. The stock's 50-day moving average price is $38.36 and its two-hundred day moving average price is $35.68. Spirit Aerosystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $41.61. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -2.25 and a beta of 1.61.

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. During the same quarter last year, the firm posted ($3.93) earnings per share. The company's revenue was down 10.6% compared to the same quarter last year. As a group, 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 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.