XTX Topco Ltd Acquires New Holdings 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 purchased 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. The firm purchased 17,609 shares of the aerospace company's stock, valued at approximately $607,000.

Several other institutional investors have also recently added to or reduced their stakes in SPR. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Spirit Aerosystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock worth $12,080,000 after acquiring an additional 219,057 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Spirit Aerosystems by 113,966.7% in the first quarter. NBC Securities Inc. now owns 17,110 shares of the aerospace company's stock worth $589,000 after acquiring an additional 17,095 shares during the last quarter. Twin Securities Inc. bought a new position in shares of Spirit Aerosystems in the fourth quarter worth about $1,177,000. Northern Trust Corp raised its stake in shares of Spirit Aerosystems by 13.7% in the fourth quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company's stock worth $19,258,000 after acquiring an additional 68,183 shares during the last quarter. Finally, CSS LLC IL raised its stake in shares of Spirit Aerosystems by 147.6% in the fourth quarter. CSS LLC IL now owns 17,612 shares of the aerospace company's stock worth $600,000 after acquiring an additional 10,500 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Trading Up 0.2%

Shares of NYSE:SPR traded up $0.08 during trading on Friday, hitting $39.95. 623,758 shares of the company's stock were exchanged, compared to its average volume of 768,790. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33. The firm has a 50-day moving average price of $38.85 and a two-hundred day moving average price of $36.07. The firm has a market cap of $4.69 billion, a P/E ratio of -2.00 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company posted ($2.73) EPS. Spirit Aerosystems's revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SPR. Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday. Susquehanna boosted their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th.

Spirit Aerosystems 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.