Gamco Investors INC. ET AL Buys 8,975 Shares of Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Gamco Investors INC. has increased its holdings in Spirit Aerosystems Holdings, Inc. by 8.7%, owning a total of 112,125 shares valued at approximately $3.86 million.
• Several institutional investors have also significantly increased their stakes in Spirit Aerosystems, including Appian Way Asset Management which boosted its stake by 129.0%.
• Spirit Aerosystems reported disappointing earnings with a loss of ($3.34) per share, missing expectations and with revenue of $1.64 billion, below the consensus estimate.

Gamco Investors INC. ET AL lifted its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 112,125 shares of the aerospace company's stock after purchasing an additional 8,975 shares during the period. Gamco Investors INC. ET AL owned 0.10% of Spirit Aerosystems worth $3,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Byrne Asset Management LLC lifted 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 worth $161,000 after buying an additional 2,629 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Spirit Aerosystems by 48.0% in the first quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock worth $209,000 after acquiring an additional 1,967 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Spirit Aerosystems during the first quarter worth approximately $211,000. KBC Group NV lifted its position in shares of Spirit Aerosystems by 23.1% during the first quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after purchasing an additional 1,322 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Spirit Aerosystems by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after purchasing an additional 703 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Stock Down 0.4%

NYSE SPR traded down $0.18 during trading hours on Monday, hitting $41.63. The company's stock had a trading volume of 786,974 shares, compared to its average volume of 725,625. Spirit Aerosystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.33. The firm has a market capitalization of $4.89 billion, a P/E ratio of -2.08 and a beta of 1.74. The stock has a fifty day moving average of $39.78 and a 200 day moving average of $36.76.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.82 billion. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned ($2.73) earnings per share. On average, analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Susquehanna lifted their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" 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.