Neo Ivy Capital Management Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

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 disclosure with the Securities & Exchange Commission. The fund bought 57,681 shares of the aerospace company's stock, valued at approximately $1,965,000.

Other large investors have also bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock worth $12,080,000 after purchasing an additional 219,057 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Spirit AeroSystems in the fourth quarter valued at $520,000. SBI Securities Co. Ltd. purchased a new stake in shares of Spirit AeroSystems in the fourth quarter valued at $32,000. Oak Family Advisors LLC bought a new stake in Spirit AeroSystems during the 4th quarter valued at about $999,000. Finally, Spectrum Financial Alliance Ltd LLC purchased a new position in Spirit AeroSystems during the 4th quarter valued at about $2,270,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Price Performance

Shares of SPR traded down $0.02 during mid-day trading on Tuesday, reaching $37.10. 1,297,147 shares of the company's stock were exchanged, compared to its average volume of 1,952,760. The stock has a market capitalization of $4.35 billion, a PE ratio of -2.99 and a beta of 1.63. The business's fifty day simple moving average is $34.81 and its 200-day simple moving average is $33.90. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.88.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.74 billion. Spirit AeroSystems's revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the previous year, the company posted ($3.93) earnings per share. Equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on SPR shares. Wall Street Zen assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.