97,100 Shares in Spirit Aerosystems Holdings, Inc. $SPR Purchased by Canada Pension Plan Investment Board

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 first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 97,100 shares of the aerospace company's stock, valued at approximately $3,346,000. Canada Pension Plan Investment Board owned about 0.08% of Spirit Aerosystems at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Spirit Aerosystems by 195.6% in the first quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock valued at $33,182,000 after purchasing an additional 637,110 shares during the last quarter. CIBRA Capital Ltd acquired a new position in shares of Spirit Aerosystems in the first quarter valued at $11,987,000. Sona Asset Management US LLC acquired a new position in shares of Spirit Aerosystems in the fourth quarter valued at $10,123,000. Lighthouse Investment Partners LLC acquired a new position in shares of Spirit Aerosystems in the fourth quarter valued at $9,630,000. Finally, Readystate Asset Management LP increased its holdings in shares of Spirit Aerosystems by 1,950.2% in the first quarter. Readystate Asset Management LP now owns 286,105 shares of the aerospace company's stock valued at $9,859,000 after purchasing an additional 272,150 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit Aerosystems Stock Down 0.7%

Shares of Spirit Aerosystems stock traded down $0.29 during trading on Tuesday, reaching $40.78. The company's stock had a trading volume of 53,876 shares, compared to its average volume of 1,171,980. The business's 50-day moving average price is $40.23 and its 200-day moving average price is $37.05. The firm has a market cap of $4.79 billion, a PE ratio of -2.04 and a beta of 1.74. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33.

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

Wall Street Analyst Weigh In

Several research firms have commented on SPR. Susquehanna upped their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company 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 equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.