FNY Investment Advisers LLC Acquires 20,000 Shares of Spirit Aerosystems Holdings, Inc. $SPR

FNY Investment Advisers LLC boosted its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 400.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the aerospace company's stock after purchasing an additional 20,000 shares during the quarter. FNY Investment Advisers LLC's holdings in Spirit Aerosystems were worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KBC Group NV raised its holdings in shares of Spirit Aerosystems by 23.1% during the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after acquiring an additional 1,322 shares in the last quarter. CIBRA Capital Ltd purchased a new stake in shares of Spirit Aerosystems during the 1st quarter worth approximately $11,987,000. Teacher Retirement System of Texas purchased a new stake in shares of Spirit Aerosystems during the 1st quarter worth approximately $1,087,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Spirit Aerosystems by 38.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,191 shares of the aerospace company's stock worth $420,000 after acquiring an additional 3,364 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Spirit Aerosystems by 4.3% during the 1st quarter. M&T Bank Corp now owns 36,883 shares of the aerospace company's stock worth $1,271,000 after acquiring an additional 1,528 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit Aerosystems Stock Performance

NYSE:SPR opened at $38.89 on Wednesday. The stock's fifty day moving average is $39.70 and its 200 day moving average is $38.10. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.33. The firm has a market capitalization of $4.57 billion, a PE ratio of -1.94 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released 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 business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted ($2.73) EPS. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPR shares. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. Susquehanna increased their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Zacks Research upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" 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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