Canada Pension Plan Investment Board Purchases New Position in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• The Canada Pension Plan Investment Board made a new investment of approximately $3.35 million in Spirit Aerosystems Holdings, acquiring 97,100 shares of the company.
• Spirit Aerosystems reported a quarterly earnings loss of ($3.34) EPS, significantly missing the consensus estimate and showing a 9.6% increase in year-over-year revenue.
• The company's stock has a market capitalization of $4.83 billion and has seen price fluctuations between $27.00 and $42.33 over the past year.

Canada Pension Plan Investment Board bought a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 97,100 shares of the aerospace company's stock, valued at approximately $3,346,000. Canada Pension Plan Investment Board owned 0.08% of Spirit Aerosystems at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Spirit Aerosystems by 6.2% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock worth $100,605,000 after purchasing an additional 171,935 shares during the period. SG Americas Securities LLC increased its position in Spirit Aerosystems by 195.6% during the 1st quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock worth $33,182,000 after purchasing an additional 637,110 shares during the period. Bank of Nova Scotia increased its position in Spirit Aerosystems by 28.2% during the 1st quarter. Bank of Nova Scotia now owns 846,000 shares of the aerospace company's stock worth $29,153,000 after purchasing an additional 186,000 shares during the period. Royal Bank of Canada boosted its stake in shares of Spirit Aerosystems by 28.7% during the 4th quarter. Royal Bank of Canada now owns 659,083 shares of the aerospace company's stock worth $22,461,000 after acquiring an additional 147,129 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Spirit Aerosystems by 19.5% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 577,900 shares of the aerospace company's stock worth $19,914,000 after acquiring an additional 94,200 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Analyst Ratings Changes

SPR has been the topic of several research analyst reports. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna boosted 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. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.63.

Spirit Aerosystems Trading Down 1.0%

Shares of Spirit Aerosystems stock traded down $0.40 during trading hours on Friday, reaching $40.78. 1,277,298 shares of the company's stock were exchanged, compared to its average volume of 735,441. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.33. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -2.04 and a beta of 1.74. The company has a fifty day moving average of $40.17 and a 200-day moving average of $36.98.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.82 billion. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($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 fiscal year.

Spirit Aerosystems 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.