Quantinno Capital Management LP Boosts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Quantinno Capital Management LP grew its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 78.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,679 shares of the aerospace company's stock after buying an additional 13,450 shares during the quarter. Quantinno Capital Management LP's holdings in Spirit AeroSystems were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of 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 purchasing an additional 219,057 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Spirit AeroSystems in the fourth quarter worth about $520,000. SBI Securities Co. Ltd. purchased a new position in Spirit AeroSystems in the fourth quarter worth about $32,000. Oak Family Advisors LLC purchased a new position in Spirit AeroSystems in the fourth quarter worth about $999,000. Finally, Spectrum Financial Alliance Ltd LLC purchased a new position in Spirit AeroSystems in the fourth quarter worth about $2,270,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded down $0.02 during mid-day trading on Tuesday, hitting $37.10. The stock had a trading volume of 1,297,147 shares, compared to its average volume of 1,952,760. The company has a 50 day moving average of $34.81 and a two-hundred day moving average of $33.90. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.88. The firm has a market cap of $4.35 billion, a PE ratio of -2.99 and a beta of 1.63.

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

Analyst Upgrades and Downgrades

SPR has been the subject of a number of research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Wall Street Zen initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Spirit AeroSystems currently has a consensus 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.