Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Shares Purchased by Readystate Asset Management LP

Readystate Asset Management LP increased its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 1,950.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,105 shares of the aerospace company's stock after acquiring an additional 272,150 shares during the period. Readystate Asset Management LP owned about 0.24% of Spirit Aerosystems worth $9,859,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Spirit Aerosystems by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after acquiring an additional 203,549 shares in the last quarter. Pentwater Capital Management LP lifted its stake in Spirit Aerosystems by 1.3% during the 4th quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock worth $314,218,000 after acquiring an additional 120,000 shares in the last quarter. National Bank of Canada FI lifted its stake in Spirit Aerosystems by 47.2% during the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after acquiring an additional 1,181,147 shares in the last quarter. Norges Bank acquired a new position in Spirit Aerosystems during the 4th quarter worth about $105,879,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Spirit Aerosystems by 6.2% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock worth $100,605,000 after acquiring an additional 171,935 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit Aerosystems Stock Down 0.1%

NYSE:SPR traded down $0.04 during mid-day trading on Friday, reaching $40.94. 1,349,827 shares of the stock were exchanged, compared to its average volume of 1,260,667. The company has a 50 day simple moving average of $38.29 and a 200-day simple moving average of $35.62. The stock has a market capitalization of $4.80 billion, a P/E ratio of -2.25 and a beta of 1.61. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $41.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The company 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 earned ($3.93) EPS. The firm's revenue was down 10.6% compared to the same quarter last year. As a group, research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Susquehanna upped their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, July 14th.

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.