Valeo Financial Advisors LLC Makes New Investment in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Valeo Financial Advisors LLC has made a new investment in Spirit Aerosystems, acquiring 45,780 shares valued at approximately $1.75 million in the second quarter.
• Several brokers have adjusted their ratings and price targets for Spirit Aerosystems, with a current consensus rating of "Hold" and an average target price of $38.63.
• Spirit Aerosystems reported a significant earnings miss in its last quarterly report, with an EPS of ($3.34) compared to an expected ($0.52).

Valeo Financial Advisors LLC acquired a new position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,780 shares of the aerospace company's stock, valued at approximately $1,747,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Spirit Aerosystems by 4,207.4% in the first quarter. GAMMA Investing LLC now owns 11,027 shares of the aerospace company's stock worth $380,000 after purchasing an additional 10,771 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Spirit Aerosystems in the first quarter worth approximately $1,003,000. Teacher Retirement System of Texas purchased a new stake in shares of Spirit Aerosystems in the first quarter worth approximately $1,087,000. CIBRA Capital Ltd purchased a new stake in shares of Spirit Aerosystems in the first quarter worth approximately $11,987,000. Finally, Maven Securities LTD purchased a new stake in shares of Spirit Aerosystems in the first quarter worth approximately $689,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SPR. Weiss Ratings reissued a "sell (d-)" rating on shares of Spirit Aerosystems in a research note on Saturday, September 27th. Susquehanna upped their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Zacks Research raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Spirit Aerosystems presently has a consensus rating of "Hold" and an average target price of $38.63.

Spirit Aerosystems Trading Up 1.5%

Shares of NYSE SPR opened at $39.39 on Tuesday. The stock has a fifty day simple moving average of $39.88 and a two-hundred day simple moving average of $37.76. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -1.97 and a beta of 1.70.

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

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