SG Americas Securities LLC Buys 637,110 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

SG Americas Securities LLC lifted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 195.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 962,903 shares of the aerospace company's stock after acquiring an additional 637,110 shares during the period. SG Americas Securities LLC owned approximately 0.82% of Spirit AeroSystems worth $33,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Spirit AeroSystems during the first quarter worth $1,003,000. NBC Securities Inc. raised its holdings in shares of Spirit AeroSystems by 113,966.7% during the 1st quarter. NBC Securities Inc. now owns 17,110 shares of the aerospace company's stock worth $589,000 after buying an additional 17,095 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Spirit AeroSystems by 4,207.4% during the 1st quarter. GAMMA Investing LLC now owns 11,027 shares of the aerospace company's stock worth $380,000 after buying an additional 10,771 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Spirit AeroSystems by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 459,663 shares of the aerospace company's stock worth $15,665,000 after buying an additional 7,935 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Spirit AeroSystems in the fourth quarter valued at about $1,965,000. Institutional investors own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Trading Down 1.9%

SPR traded down $0.70 on Friday, reaching $36.76. The stock had a trading volume of 1,081,918 shares, compared to its average volume of 1,916,802. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -2.96 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $39.00. The firm has a 50-day moving average of $35.98 and a 200-day moving average of $34.48.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned ($3.93) earnings per share. Spirit AeroSystems's revenue for the quarter was down 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS 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.