Caxton Associates LLP Takes $4.84 Million Position in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Caxton Associates LLP has acquired a new stake in Spirit Aerosystems Holdings, Inc., purchasing 140,306 shares valued at approximately $4.84 million.
• 93.59% of Spirit Aerosystems' stock is currently owned by hedge funds and institutional investors, indicating significant institutional interest in the company.
• Spirit Aerosystems reported an earnings per share of ($3.34) for the last quarter, missing consensus estimates and reflecting a challenging financial situation, despite a year-over-year revenue increase of 9.6%.

Caxton Associates LLP purchased a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 140,306 shares of the aerospace company's stock, valued at approximately $4,835,000. Caxton Associates LLP owned 0.12% of Spirit Aerosystems as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPR. ProShare Advisors LLC increased its holdings in shares of Spirit Aerosystems by 10.0% in the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after acquiring an additional 703 shares in the last quarter. KBC Group NV increased its holdings in shares of Spirit Aerosystems by 23.1% in the first 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 in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Spirit Aerosystems by 5.0% in the fourth 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 in the last quarter. M&T Bank Corp increased its holdings in shares of Spirit Aerosystems by 4.3% in the first quarter. M&T Bank Corp now owns 36,883 shares of the aerospace company's stock worth $1,271,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 acquiring an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SPR shares. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Susquehanna increased their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a report 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.63.

Spirit Aerosystems Price Performance

SPR stock traded down $0.46 during mid-day trading on Friday, reaching $38.78. The company had a trading volume of 789,336 shares, compared to its average volume of 824,222. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -1.94 and a beta of 1.74. The stock has a 50 day simple moving average of $40.41 and a two-hundred day simple moving average of $37.17.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted ($2.73) earnings per share. The firm's revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS 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.