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

Key Points

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Deutsche Bank AG boosted its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 1,535.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,467 shares of the aerospace company's stock after buying 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.

A number of other large investors have also added to or reduced their stakes in the business. Senator Investment Group LP increased its position in Spirit Aerosystems by 415.3% during the 4th quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company's stock valued at $124,000 after purchasing an additional 74,145 shares during the period. Byrne Asset Management LLC increased its position in Spirit Aerosystems by 128.2% during the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock valued at $161,000 after purchasing an additional 2,629 shares during the period. Cetera Investment Advisers acquired a new stake in Spirit Aerosystems during the 1st quarter valued at approximately $211,000. Sterling Capital Management LLC increased its position in Spirit Aerosystems by 52.9% during the 4th quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company's stock valued at $215,000 after purchasing an additional 2,186 shares during the period. Finally, KBC Group NV increased its position in Spirit Aerosystems by 23.1% during the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock valued at $243,000 after purchasing an additional 1,322 shares during the period. Institutional investors own 93.59% of the company's stock.

Analysts Set New Price Targets

A number of analysts have 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 report on Saturday, August 9th. Susquehanna increased their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Spirit Aerosystems presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.63.

Spirit Aerosystems Stock Performance

Shares of SPR stock traded up $1.05 during trading hours on Friday, hitting $40.88. 931,974 shares of the company were exchanged, compared to its average volume of 748,218. The firm has a market cap of $4.80 billion, a P/E ratio of -2.04 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.33. The company has a 50 day simple moving average of $39.34 and a two-hundred day simple moving average of $36.51.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.82 billion. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted ($2.73) earnings per share. As a group, sell-side analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal 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.