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 acquired a new stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 140,306 shares of the aerospace company's stock, valued at approximately $4,835,000. Caxton Associates LLP owned approximately 0.12% of Spirit Aerosystems as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC lifted its position in shares of Spirit Aerosystems by 128.2% in the first quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock valued at $161,000 after acquiring an additional 2,629 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Spirit Aerosystems by 48.0% during the first quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock worth $209,000 after buying an additional 1,967 shares during the period. Cetera Investment Advisers purchased a new position in Spirit Aerosystems during the first quarter worth about $211,000. KBC Group NV lifted its position in Spirit Aerosystems by 23.1% during the first quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after buying an additional 1,322 shares during the period. Finally, ProShare Advisors LLC lifted its position in Spirit Aerosystems by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after buying an additional 703 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR opened at $40.78 on Monday. The company has a market cap of $4.79 billion, a P/E ratio of -2.04 and a beta of 1.74. Spirit Aerosystems Holdings, Inc. has a one year low of $27.00 and a one year high of $42.33. The business's 50-day simple moving average is $40.17 and its 200 day simple moving average is $37.00.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm posted ($2.73) EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on SPR. Susquehanna increased their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Spirit Aerosystems currently has an average rating of "Moderate Buy" and a consensus price target of $38.63.

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.

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