Spirit Aerosystems Holdings, Inc. $SPR Holdings Boosted by Pentwater Capital Management LP

Key Points

• Pentwater Capital Management LP increased its stake in Spirit Aerosystems Holdings, Inc. by 1.2%, acquiring an additional 110,000 shares, bringing its total ownership to 9,330,000 shares.
• Spirit Aerosystems reported a loss of $3.34 earnings per share (EPS) for its most recent quarter, missing the consensus estimate significantly.
• Major analysts have recently upgraded their ratings on Spirit Aerosystems, with Wall Street Zen changing its rating from "strong sell" to "hold" and Susquehanna raising its price target from $37.00 to $40.00.

Pentwater Capital Management LP lifted its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,330,000 shares of the aerospace company's stock after buying an additional 110,000 shares during the quarter. Spirit Aerosystems comprises 2.7% of Pentwater Capital Management LP's portfolio, making the stock its 6th largest position. Pentwater Capital Management LP owned approximately 7.96% of Spirit Aerosystems worth $321,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SPR. Raymond James Financial Inc. purchased a new position in shares of Spirit Aerosystems during the fourth quarter valued at about $290,000. Northern Trust Corp increased its position in shares of 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 buying an additional 68,183 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Spirit Aerosystems during the fourth quarter valued at about $9,630,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Spirit Aerosystems by 6.2% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock valued at $100,605,000 after purchasing an additional 171,935 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Spirit Aerosystems by 41.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 483,700 shares of the aerospace company's stock valued at $16,484,000 after purchasing an additional 142,400 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Stock Down 0.4%

Spirit Aerosystems stock traded down $0.17 during trading hours on Tuesday, hitting $40.90. The stock had a trading volume of 455,681 shares, compared to its average volume of 794,977. The stock has a market capitalization of $4.80 billion, a P/E ratio of -2.04 and a beta of 1.74. Spirit Aerosystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.33. The stock's 50-day moving average price is $40.29 and its 200-day moving average price is $37.08.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned ($2.73) earnings per share. The business's revenue was up 9.6% 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPR shares. Susquehanna raised their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Spirit Aerosystems currently has an average rating of "Moderate Buy" and an average 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.