Quantinno Capital Management LP Buys 13,450 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Quantinno Capital Management LP boosted its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 78.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,679 shares of the aerospace company's stock after buying an additional 13,450 shares during the period. Quantinno Capital Management LP's holdings in Spirit AeroSystems were worth $1,046,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SPR. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems in the 4th quarter valued at $32,000. Headlands Technologies LLC bought a new position in Spirit AeroSystems during the 4th quarter worth $67,000. Byrne Asset Management LLC lifted its holdings in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after buying an additional 1,390 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at about $97,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded up $0.64 during trading hours on Thursday, hitting $37.96. 567,959 shares of the stock were exchanged, compared to its average volume of 1,941,422. The company's fifty day simple moving average is $34.89 and its two-hundred day simple moving average is $33.95. The company has a market cap of $4.45 billion, a PE ratio of -3.06 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $38.33.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results 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 business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the company posted ($3.93) earnings per share. The business's quarterly revenue was down 10.6% on a year-over-year basis. As a group, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SPR. 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 reaffirmed a "sector perform" rating and set a $37.25 target price 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. According to MarketBeat.com, Spirit AeroSystems has an average rating of "Hold" and an average 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.