28,869 Shares in Spirit Aerosystems Holdings, Inc. $SPR Bought by Graham Capital Management L.P.

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPR. Byrne Asset Management LLC raised its stake in Spirit Aerosystems by 128.2% in 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 last quarter. Russell Investments Group Ltd. raised its stake in Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock valued at $209,000 after purchasing an additional 1,967 shares during the last quarter. Cetera Investment Advisers acquired a new position in Spirit Aerosystems in the 1st quarter valued at $211,000. KBC Group NV raised its stake in Spirit Aerosystems by 23.1% in 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 last quarter. Finally, AlphaQuest LLC acquired a new position in Spirit Aerosystems in the 1st quarter valued at $266,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Stock Down 1.0%

NYSE SPR traded down $0.40 during trading on Friday, hitting $40.78. The stock had a trading volume of 1,277,298 shares, compared to its average volume of 735,441. The company has a market capitalization of $4.79 billion, a PE ratio of -2.04 and a beta of 1.74. The firm has a 50 day moving average price of $40.17 and a 200 day moving average price of $36.98. Spirit Aerosystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.33.

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 analysts' consensus estimates of ($0.52) by ($2.82). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted ($2.73) earnings per share. The business's quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on SPR. Susquehanna raised their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.63.

Spirit Aerosystems 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.