GAMMA Investing LLC Grows Position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

GAMMA Investing LLC boosted its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 4,207.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,027 shares of the aerospace company's stock after purchasing an additional 10,771 shares during the quarter. GAMMA Investing LLC's holdings in Spirit Aerosystems were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPR. Treasurer of the State of North Carolina raised its stake in shares of Spirit Aerosystems by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock worth $1,737,000 after buying an additional 320 shares during the last quarter. ProShare Advisors LLC increased its holdings in Spirit Aerosystems by 10.0% during the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after acquiring an additional 703 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Spirit Aerosystems during the fourth quarter worth about $32,000. Rafferty Asset Management LLC lifted its holdings in shares of Spirit Aerosystems by 5.0% in the fourth quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock valued at $1,020,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Spirit Aerosystems by 0.7% in the fourth quarter. Swiss National Bank now owns 229,300 shares of the aerospace company's stock valued at $7,815,000 after purchasing an additional 1,500 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Performance

Spirit Aerosystems stock traded down $0.10 during trading on Tuesday, hitting $37.01. The company's stock had a trading volume of 5,520,546 shares, compared to its average volume of 1,886,849. The stock's fifty day moving average is $36.53 and its 200 day moving average is $34.70. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $39.00. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -2.03, a P/E/G ratio of 2.28 and a beta of 1.63.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company posted ($3.93) earnings per share. Spirit Aerosystems's revenue was down 10.6% on a year-over-year basis. On average, research analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Spirit Aerosystems in a research note on Saturday, March 8th. They issued a "hold" rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $36.56.

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.