Css LLC Il Acquires 10,500 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Css LLC Il increased its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 147.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,612 shares of the aerospace company's stock after acquiring an additional 10,500 shares during the period. Css LLC Il's holdings in Spirit AeroSystems were worth $600,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPR. R Squared Ltd bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Spirit AeroSystems in the fourth quarter worth $32,000. Headlands Technologies LLC bought a new stake in Spirit AeroSystems in the fourth quarter worth $67,000. Byrne Asset Management LLC boosted its stake in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after buying an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new position in Spirit AeroSystems during the fourth quarter valued at $97,000. 93.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPR. StockNews.com began coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Stock Down 1.6%

Shares of NYSE:SPR opened at $37.05 on Thursday. The business's 50 day moving average is $34.63 and its 200 day moving average is $33.76. The stock has a market cap of $4.35 billion, a P/E ratio of -2.98 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.88.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly 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 firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the prior year, the company posted ($3.93) EPS. The company's revenue for the quarter was down 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS 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.

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