UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,169 shares of the aerospace company's stock after buying an additional 47,356 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Spirit AeroSystems worth $8,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPR. Twin Securities Inc. purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $1,177,000. Sona Asset Management US LLC purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $10,123,000. Royal Bank of Canada lifted its holdings in Spirit AeroSystems by 28.7% in the fourth quarter. Royal Bank of Canada now owns 659,083 shares of the aerospace company's stock worth $22,461,000 after buying an additional 147,129 shares during the period. Rafferty Asset Management LLC raised its holdings in Spirit AeroSystems by 5.0% in the 4th quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock worth $1,020,000 after acquiring an additional 1,418 shares during the last quarter. Finally, Ratan Capital Management LP purchased a new position in Spirit AeroSystems in the 4th quarter worth approximately $853,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Trading Down 1.0%

Spirit AeroSystems stock traded down $0.39 during mid-day trading on Wednesday, hitting $37.80. The stock had a trading volume of 1,532,435 shares, compared to its average volume of 1,943,486. The firm has a market capitalization of $4.43 billion, a P/E ratio of -3.04 and a beta of 1.63. The firm's 50 day moving average is $35.14 and its 200 day moving average is $34.20. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $38.43.

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

Wall Street Analyst Weigh In

SPR has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Wall Street Zen initiated coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.56.

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.