Quantbot Technologies LP Acquires Shares of 40,868 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 acquired a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,868 shares of the aerospace company's stock, valued at approximately $1,408,000.

A number of other hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC raised its position in shares of Spirit Aerosystems by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after acquiring an additional 703 shares during the last quarter. KBC Group NV raised its position in shares of Spirit Aerosystems by 23.1% during the first quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after acquiring an additional 1,322 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Spirit Aerosystems by 5.0% during the fourth quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock worth $1,020,000 after acquiring an additional 1,418 shares during the last quarter. M&T Bank Corp increased its holdings in Spirit Aerosystems by 4.3% in the first quarter. M&T Bank Corp now owns 36,883 shares of the aerospace company's stock worth $1,271,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Spirit Aerosystems by 5.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,850 shares of the aerospace company's stock worth $1,098,000 after purchasing an additional 1,619 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit Aerosystems Stock Performance

Spirit Aerosystems stock traded up $0.12 during mid-day trading on Thursday, reaching $41.86. The stock had a trading volume of 94,173 shares, compared to its average volume of 1,181,212. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.33. The stock's 50-day simple moving average is $39.59 and its 200-day simple moving average is $36.63. The firm has a market capitalization of $4.91 billion, a PE ratio of -2.09 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the business earned ($2.73) earnings per share. The business's revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Susquehanna lifted their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.63.

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.