Bayforest Capital Ltd Acquires Shares of 20,075 Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Bayforest Capital Ltd bought a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,075 shares of the aerospace company's stock, valued at approximately $692,000.

Several other large investors also recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in Spirit Aerosystems during the first quarter valued at approximately $607,000. Picton Mahoney Asset Management bought a new position in shares of Spirit Aerosystems in the first quarter worth approximately $4,652,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Spirit Aerosystems by 5.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,850 shares of the aerospace company's stock worth $1,098,000 after purchasing an additional 1,619 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of Spirit Aerosystems in the first quarter worth approximately $2,488,000. Finally, Cetera Investment Advisers bought a new position in shares of Spirit Aerosystems in the first quarter worth approximately $211,000. 93.59% of the stock is currently owned by institutional investors.

Spirit Aerosystems Trading Down 1.0%

Shares of NYSE:SPR traded down $0.38 during midday trading on Friday, reaching $39.02. 590,980 shares of the company were exchanged, compared to its average volume of 1,243,715. Spirit Aerosystems Holdings, Inc. has a one year low of $27.00 and a one year high of $42.33. The business's fifty day moving average is $38.58 and its two-hundred day moving average is $35.84. The stock has a market cap of $4.58 billion, a PE ratio of -2.14 and a beta of 1.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business earned ($3.93) EPS. The firm's revenue was down 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Susquehanna upped their price target on shares of 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.