Oak Thistle LLC Raises Stock Position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Oak Thistle LLC lifted its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 216.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,150 shares of the aerospace company's stock after purchasing an additional 31,582 shares during the quarter. Oak Thistle LLC's holdings in Spirit Aerosystems were worth $1,590,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Spirit Aerosystems by 161.8% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock valued at $12,080,000 after acquiring an additional 219,057 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Spirit Aerosystems by 113,966.7% during the first quarter. NBC Securities Inc. now owns 17,110 shares of the aerospace company's stock worth $589,000 after purchasing an additional 17,095 shares in the last quarter. Twin Securities Inc. purchased a new stake in Spirit Aerosystems in the fourth quarter valued at approximately $1,177,000. Northern Trust Corp lifted its position in Spirit Aerosystems by 13.7% during the fourth quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company's stock valued at $19,258,000 after purchasing an additional 68,183 shares during the last quarter. Finally, CSS LLC IL grew its stake in Spirit Aerosystems by 147.6% in the 4th quarter. CSS LLC IL now owns 17,612 shares of the aerospace company's stock worth $600,000 after buying an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analyst Ratings Changes

Separately, Susquehanna lifted their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, July 14th.

Spirit Aerosystems Stock Down 0.1%

Shares of SPR traded down $0.04 during trading hours on Friday, hitting $40.94. The company had a trading volume of 1,182,937 shares, compared to its average volume of 1,256,551. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $41.61. The stock's 50 day moving average price is $38.29 and its 200 day moving average price is $35.62. The firm has a market cap of $4.80 billion, a P/E ratio of -2.25 and a beta of 1.61.

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

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.