Deutsche Bank AG Acquires 88,690 Shares of Spirit Aerosystems Holdings, Inc. $SPR

Key Points

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Deutsche Bank AG raised its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 1,535.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,467 shares of the aerospace company's stock after acquiring an additional 88,690 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Spirit Aerosystems worth $3,255,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Pentwater Capital Management LP grew its stake in shares of Spirit Aerosystems by 1.3% during the 4th quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock worth $314,218,000 after acquiring an additional 120,000 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Spirit Aerosystems by 6.2% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock valued at $100,605,000 after buying an additional 171,935 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Spirit Aerosystems by 73.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock valued at $83,114,000 after buying an additional 1,029,989 shares in the last quarter. TIG Advisors LLC grew its stake in shares of Spirit Aerosystems by 66.8% in the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock valued at $59,268,000 after buying an additional 696,533 shares in the last quarter. Finally, Appian Way Asset Management LP grew its stake in shares of Spirit Aerosystems by 129.0% in the fourth quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company's stock valued at $38,562,000 after buying an additional 637,451 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Price Performance

SPR stock opened at $40.64 on Tuesday. The company has a fifty day moving average price of $39.16 and a two-hundred day moving average price of $36.37. Spirit Aerosystems Holdings, Inc. has a one year low of $27.00 and a one year high of $42.33. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of -2.03 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share 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. The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned ($2.73) earnings per share. Research analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna raised their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 14th.

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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