Amundi Raises Position in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Amundi has significantly increased its holdings in Spirit Aerosystems, raising its position by 24,236.6% to own 285,955 shares valued at approximately $9.26 million as of the first quarter.
• Spirit Aerosystems reported a loss of $3.34 per share in its recent quarterly earnings, missing analyst estimates and generating revenue of $1.64 billion, below expectations.
• Several institutional investors have raised their stakes in Spirit Aerosystems, with notable increases from Royal Bank of Canada and TIG Advisors LLC, reflecting strong interest in the company despite its recent performance.

Amundi boosted its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 24,236.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 285,955 shares of the aerospace company's stock after acquiring an additional 284,780 shares during the period. Amundi owned 0.24% of Spirit Aerosystems worth $9,262,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in Spirit Aerosystems by 10.0% in the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after acquiring an additional 703 shares during the last quarter. KBC Group NV grew its holdings in Spirit Aerosystems by 23.1% in the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after acquiring an additional 1,322 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Spirit Aerosystems by 5.0% in the 4th quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock worth $1,020,000 after acquiring an additional 1,418 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Spirit Aerosystems by 4.3% during the 1st quarter. M&T Bank Corp now owns 36,883 shares of the aerospace company's stock valued at $1,271,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Spirit Aerosystems by 5.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,850 shares of the aerospace company's stock valued at $1,098,000 after purchasing an additional 1,619 shares in the last quarter. Institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Price Performance

NYSE:SPR traded up $0.01 during mid-day trading on Monday, hitting $38.71. 1,157,618 shares of the company's stock were exchanged, compared to its average volume of 828,090. Spirit Aerosystems Holdings, Inc. has a one year low of $27.00 and a one year high of $42.33. The business has a fifty day moving average price of $40.41 and a 200 day moving average price of $37.24. The company has a market cap of $4.54 billion, a PE ratio of -1.93 and a beta of 1.74.

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

Analyst Upgrades and Downgrades

SPR has been the subject of several research analyst reports. Susquehanna raised their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Spirit Aerosystems presently has an average rating of "Moderate Buy" and an average price target of $38.63.

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.