Quantbot Technologies LP Makes New $1.41 Million Investment in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Quantbot Technologies LP has acquired a new stake in Spirit Aerosystems Holdings, purchasing 40,868 shares valued at approximately $1.4 million during the first quarter.
• Several institutional investors have increased their stakes in Spirit Aerosystems, with a significant rise from Appian Way Asset Management LP of 129% and from SG Americas Securities LLC of 195.6% in the first quarter.
• Spirit Aerosystems reported a loss of ($3.34) EPS in its latest earnings, missing estimates significantly, while analysts project an EPS of -11.88 for the current fiscal year.

Quantbot Technologies LP purchased a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,868 shares of the aerospace company's stock, valued at approximately $1,408,000.

A number of other institutional investors also recently bought and sold shares of SPR. Byrne Asset Management LLC lifted its holdings in Spirit Aerosystems by 128.2% during the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after buying an additional 2,629 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock valued at $209,000 after purchasing an additional 1,967 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Spirit Aerosystems in the 1st quarter valued at about $211,000. KBC Group NV lifted its holdings in shares of Spirit Aerosystems by 23.1% in the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock valued at $243,000 after purchasing an additional 1,322 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Spirit Aerosystems by 10.0% in the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after purchasing an additional 703 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPR has been the subject of several analyst reports. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna upped their price objective on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $38.63.

Spirit Aerosystems Price Performance

NYSE SPR traded down $0.7670 on Monday, hitting $40.1730. 548,572 shares of the company's stock were exchanged, compared to its average volume of 727,326. The firm's 50-day moving average price is $39.40 and its two-hundred day moving average price is $36.56. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.33. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of -2.01 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. Spirit Aerosystems's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.73) EPS. On average, research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share 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.