Twin Securities Inc. Boosts Stock Holdings in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Twin Securities Inc. significantly increased its holdings in Spirit Aerosystems by 761.1%, owning approximately 297,345 shares valued at over $10 million.
• Spirit Aerosystems reported a quarterly loss of ($3.34) earnings per share, missing analysts' expectations, although revenue rose 9.6% year-over-year.
• Analysts have upgraded Spirit Aerosystems to a "hold" rating with a consensus price target of $38.63, indicating cautious optimism for the stock's future.

Twin Securities Inc. boosted its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 761.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 297,345 shares of the aerospace company's stock after acquiring an additional 262,815 shares during the period. Spirit Aerosystems accounts for 5.3% of Twin Securities Inc.'s investment portfolio, making the stock its 6th biggest position. Twin Securities Inc. owned approximately 0.25% of Spirit Aerosystems worth $10,247,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPR. Byrne Asset Management LLC grew its holdings in Spirit Aerosystems by 128.2% in the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after acquiring an additional 2,629 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock worth $209,000 after acquiring an additional 1,967 shares during the last quarter. Cetera Investment Advisers bought a new stake in Spirit Aerosystems in the 1st quarter worth $211,000. KBC Group NV grew its holdings in Spirit Aerosystems by 23.1% in the 1st 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. Finally, ProShare Advisors LLC grew its holdings in Spirit Aerosystems by 10.0% in the 4th 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. Institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Price Performance

NYSE:SPR traded down $0.44 during mid-day trading on Friday, hitting $38.80. 383,410 shares of the company's stock were exchanged, compared to its average volume of 1,166,286. Spirit Aerosystems Holdings, Inc. has a one year low of $27.00 and a one year high of $42.33. The business has a fifty day moving average price of $40.37 and a 200 day moving average price of $37.14. The company has a market cap of $4.56 billion, a PE ratio of -1.94 and a beta of 1.74.

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

Wall Street Analysts Forecast Growth

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

Spirit Aerosystems Company Profile

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.