Graham Capital Management L.P. Buys New Holdings in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Graham Capital Management L.P. has acquired a new stake in Spirit Aerosystems Holdings, purchasing 28,869 shares valued at approximately $995,000 in the first quarter.
• Several institutional investors have increased their holdings in Spirit Aerosystems, contributing to an overall institutional ownership of 93.59% of the company's stock.
• Spirit Aerosystems reported an earnings miss for the last quarter, with an EPS of ($3.34), significantly below analysts' expectations of ($0.52), despite a 9.6% increase in revenue year-over-year.

Graham Capital Management L.P. acquired a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,869 shares of the aerospace company's stock, valued at approximately $995,000.

A number of other institutional investors have also recently bought and sold shares of the business. NBC Securities Inc. raised its stake in shares of Spirit Aerosystems by 113,966.7% in the 1st quarter. NBC Securities Inc. now owns 17,110 shares of the aerospace company's stock valued at $589,000 after acquiring an additional 17,095 shares in the last quarter. Twin Securities Inc. bought a new position in Spirit Aerosystems in the 4th quarter worth approximately $1,177,000. Northern Trust Corp increased its position in shares of Spirit Aerosystems by 13.7% during the fourth quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company's stock valued at $19,258,000 after purchasing an additional 68,183 shares during the period. CSS LLC IL increased its position in shares of Spirit Aerosystems by 147.6% during the fourth quarter. CSS LLC IL now owns 17,612 shares of the aerospace company's stock valued at $600,000 after purchasing an additional 10,500 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Spirit Aerosystems in the 4th quarter valued at $1,965,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPR has been the subject of a number of recent research reports. Susquehanna boosted their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Spirit Aerosystems has an average rating of "Moderate Buy" and a consensus price target of $38.63.

Spirit Aerosystems Price Performance

Spirit Aerosystems stock traded down $0.27 during mid-day trading on Tuesday, reaching $40.80. 63,040 shares of the company were exchanged, compared to its average volume of 1,172,036. Spirit Aerosystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.33. The company has a fifty day simple moving average of $40.23 and a 200-day simple moving average of $37.05. The firm has a market cap of $4.79 billion, a PE ratio of -2.04 and a beta of 1.74.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.82 billion. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted ($2.73) earnings per share. Sell-side analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

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.