XTX Topco Ltd Takes $607,000 Position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Key Points

• XTX Topco Ltd recently acquired a stake in Spirit Aerosystems Holdings, Inc., purchasing 17,609 shares valued at approximately $607,000 during the first quarter.
• Despite experiencing a revenue increase of 9.6% year-over-year, Spirit Aerosystems reported a loss of $3.34 EPS, significantly missing analysts' expectations.
• Wall Street analysts at Susquehanna have raised their price target for Spirit Aerosystems from $37.00 to $40.00, maintaining a "neutral" rating on the stock.

XTX Topco Ltd acquired a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,609 shares of the aerospace company's stock, valued at approximately $607,000.

Several other institutional investors and hedge funds have also bought and sold shares of SPR. Adage Capital Partners GP L.L.C. raised its stake in Spirit Aerosystems by 73.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock valued at $83,114,000 after acquiring an additional 1,029,989 shares during the period. TIG Advisors LLC increased its stake in shares of Spirit Aerosystems by 66.8% in the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock worth $59,268,000 after purchasing an additional 696,533 shares in the last quarter. Appian Way Asset Management LP increased its stake in shares of Spirit Aerosystems by 129.0% in the fourth quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company's stock worth $38,562,000 after purchasing an additional 637,451 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Spirit Aerosystems by 195.6% in the first quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock valued at $33,182,000 after purchasing an additional 637,110 shares during the period. Finally, Bank of Nova Scotia lifted its stake in shares of Spirit Aerosystems by 788.3% during the 4th quarter. Bank of Nova Scotia now owns 660,000 shares of the aerospace company's stock valued at $22,493,000 after buying an additional 585,700 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Stock Performance

NYSE SPR traded up $0.24 during trading hours on Wednesday, hitting $39.53. The company had a trading volume of 476,760 shares, compared to its average volume of 811,801. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -1.97 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33. The firm has a 50 day simple moving average of $38.71 and a 200 day simple moving average of $35.97.

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

Analyst Upgrades and Downgrades

Separately, Susquehanna lifted their price objective 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.

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.