154,443 Shares in Spirit Aerosystems Holdings, Inc. $SPR Acquired by Algert Global LLC

Key Points

• Algert Global LLC purchased 154,443 shares of Spirit Aerosystems, valued at approximately $5.32 million, marking a new stake in the aerospace company.
• Spirit Aerosystems reported a quarterly earnings miss, posting earnings per share of ($3.34), which was significantly below analysts' expectations of ($0.52).
• Institutional investors now own approximately 93.59% of Spirit Aerosystems, highlighting strong interest from hedge funds and financial institutions.

Algert Global LLC bought a new stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 154,443 shares of the aerospace company's stock, valued at approximately $5,322,000. Algert Global LLC owned 0.13% of Spirit Aerosystems as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SPR. Senator Investment Group LP lifted its holdings in Spirit Aerosystems by 415.3% in the fourth quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company's stock valued at $124,000 after acquiring an additional 74,145 shares during the period. Byrne Asset Management LLC increased its position 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 worth $161,000 after buying an additional 2,629 shares in the last quarter. Russell Investments Group Ltd. increased its position in Spirit Aerosystems by 48.0% in the first quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock worth $209,000 after buying an additional 1,967 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Spirit Aerosystems in the first quarter worth about $211,000. Finally, Sterling Capital Management LLC increased its position 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 worth $215,000 after buying an additional 2,186 shares in the last quarter. Institutional investors own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

SPR has been the subject of a number of analyst reports. Susquehanna upped their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report 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 research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.63.

Spirit Aerosystems Price Performance

Shares of NYSE:SPR traded up $0.1370 during trading on Thursday, hitting $39.7770. The company had a trading volume of 665,216 shares, compared to its average volume of 767,521. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of -1.99 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a one year low of $27.00 and a one year high of $42.33. The company has a fifty day simple moving average of $39.26 and a two-hundred day simple moving average of $36.45.

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

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.