CIBRA Capital Ltd Makes New $11.99 Million Investment in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

CIBRA Capital Ltd purchased 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 and Exchange Commission (SEC). The institutional investor purchased 347,849 shares of the aerospace company's stock, valued at approximately $11,987,000. Spirit Aerosystems makes up about 4.1% of CIBRA Capital Ltd's investment portfolio, making the stock its 9th largest holding. CIBRA Capital Ltd owned approximately 0.30% of Spirit Aerosystems as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Spirit Aerosystems during the fourth quarter worth $32,000. Headlands Technologies LLC acquired a new stake in shares of Spirit Aerosystems in the fourth quarter valued at $67,000. Vestcor Inc acquired a new stake in shares of Spirit Aerosystems in the fourth quarter valued at $97,000. Byrne Asset Management LLC raised its stake 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. Finally, Sterling Capital Management LLC raised its stake in shares of Spirit Aerosystems by 52.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company's stock valued at $215,000 after acquiring an additional 2,186 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Spirit Aerosystems in a research note on Saturday, March 8th. They issued a "hold" rating on the stock. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Spirit Aerosystems currently has an average rating of "Hold" and an average target price of $36.79.

Spirit Aerosystems Trading Down 3.7%

NYSE:SPR traded down $1.44 during trading hours on Friday, hitting $37.01. The company's stock had a trading volume of 310,466 shares, compared to its average volume of 1,642,051. The stock has a market capitalization of $4.34 billion, a P/E ratio of -2.03, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61. The stock has a fifty day moving average of $37.20 and a 200-day moving average of $34.98. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $39.02.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its earnings results 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 company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.74 billion. Spirit Aerosystems's revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.93) earnings per share. On average, sell-side analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

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.