Maven Securities LTD Purchases Shares of 20,000 Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Maven Securities LTD has purchased 20,000 shares of Spirit Aerosystems Holdings, Inc., valued at approximately $689,000, as reported in their recent 13F filing.
• In the 1st quarter, several large investors, including Byrne Asset Management LLC and Russell Investments Group Ltd., significantly increased their stakes in Spirit Aerosystems, bringing institutional ownership to 93.59%.
• The aerospace company's recent earnings report showed a loss of ($3.34) earnings per share, missing estimates by ($2.82), despite a 9.6% year-over-year revenue increase.

Maven Securities LTD acquired a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the aerospace company's stock, valued at approximately $689,000.

A number of other large investors have also made changes to their positions in the stock. Byrne Asset Management LLC grew its position in Spirit Aerosystems by 128.2% during the first 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 holdings 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 acquiring an additional 1,967 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Spirit Aerosystems in the 1st quarter worth approximately $211,000. KBC Group NV grew 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 purchasing an additional 1,322 shares in the last quarter. Finally, ProShare Advisors LLC increased its position 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 period. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit Aerosystems Stock Performance

Shares of NYSE SPR opened at $39.7730 on Wednesday. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.33. The business has a fifty day moving average of $39.18 and a two-hundred day moving average of $36.39. The stock has a market cap of $4.67 billion, a PE ratio of -1.99 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

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

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.

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