50,000 Shares in Spirit Aerosystems Holdings, Inc. $SPR Acquired by Murchinson Ltd.

Key Points

• Murchinson Ltd. has acquired a new stake in Spirit Aerosystems Holdings, purchasing 50,000 shares valued at approximately $1.7 million during the first quarter.
• Spirit Aerosystems recently reported disappointing earnings for the quarter, with a loss of $3.34 per share, missing estimates by $2.82, and revenue of $1.64 billion, falling short of expectations.
• Institutional investors own 93.59% of Spirit Aerosystems' stock, with other firms significantly increasing their positions in the company during the same period.

Murchinson Ltd. acquired a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the aerospace company's stock, valued at approximately $1,723,000.

Several other large investors also recently made changes to their positions in SPR. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Spirit Aerosystems by 6.2% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock worth $100,605,000 after buying an additional 171,935 shares during the period. Millennium Management LLC increased its holdings in shares of Spirit Aerosystems by 51.9% during the first quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company's stock valued at $87,722,000 after acquiring an additional 870,263 shares in the last quarter. TIG Advisors LLC increased its holdings in shares of Spirit Aerosystems by 18.3% during the first quarter. TIG Advisors LLC now owns 2,057,216 shares of the aerospace company's stock valued at $70,892,000 after acquiring an additional 318,122 shares in the last quarter. AQR Arbitrage LLC raised its position in shares of Spirit Aerosystems by 73.9% during the first quarter. AQR Arbitrage LLC now owns 1,093,536 shares of the aerospace company's stock worth $37,640,000 after purchasing an additional 464,755 shares during the period. Finally, Magnetar Financial LLC lifted its holdings in shares of Spirit Aerosystems by 19.1% in the 1st quarter. Magnetar Financial LLC now owns 1,067,468 shares of the aerospace company's stock worth $36,785,000 after purchasing an additional 171,561 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Spirit Aerosystems Stock Performance

NYSE:SPR traded down $0.17 on Tuesday, hitting $40.90. The stock had a trading volume of 455,681 shares, compared to its average volume of 794,977. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $42.33. The firm's fifty day simple moving average is $40.29 and its two-hundred day simple moving average is $37.08. The stock has a market cap of $4.80 billion, a P/E ratio of -2.04 and a beta of 1.74.

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 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 analysts' expectations of $1.82 billion. The firm's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.73) EPS. Equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS 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.