57,681 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 57,681 shares of the aerospace company's stock, valued at approximately $1,965,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPR. R Squared Ltd bought a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems in the 4th quarter worth $32,000. Headlands Technologies LLC acquired a new position in Spirit AeroSystems during the 4th quarter worth $67,000. Byrne Asset Management LLC boosted its holdings in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares during the period. Finally, Vestcor Inc acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at about $97,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

Shares of SPR traded up $0.25 on Wednesday, reaching $37.35. 298,530 shares of the stock traded hands, compared to its average volume of 1,946,231. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -3.00 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.88. The stock's 50-day moving average price is $34.85 and its 200-day moving average price is $33.93.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. The business's quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the company posted ($3.93) EPS. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPR has been the subject of several research analyst reports. Wall Street Zen began coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Spirit AeroSystems presently has a consensus rating of "Hold" and an average target price of $36.56.

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.