Maven Securities LTD Makes New $689,000 Investment in 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 stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,000 shares of the aerospace company's stock, valued at approximately $689,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in 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 shares of Spirit Aerosystems during the 4th quarter valued at $1,177,000. Northern Trust Corp lifted its holdings in shares of Spirit Aerosystems by 13.7% during the 4th quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company's stock valued at $19,258,000 after buying an additional 68,183 shares during the period. CSS LLC IL lifted its holdings in shares of Spirit Aerosystems by 147.6% during the 4th quarter. CSS LLC IL now owns 17,612 shares of the aerospace company's stock valued at $600,000 after buying an additional 10,500 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Spirit Aerosystems during the 4th quarter valued at $1,965,000. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Trading Down 1.0%

Spirit Aerosystems stock traded down $0.39 during trading on Monday, reaching $40.55. The company had a trading volume of 94,891 shares, compared to its average volume of 1,187,104. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33. The firm's 50-day simple moving average is $39.34 and its 200 day simple moving average is $36.52. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -2.02 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) EPS for the quarter, missing analysts' consensus estimates 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. During the same quarter in the prior year, the company posted ($2.73) earnings per share. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPR. Susquehanna increased their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Spirit Aerosystems has a consensus 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.