GABELLI & Co INVESTMENT ADVISERS INC. Buys 219,057 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 161.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 354,457 shares of the aerospace company's stock after acquiring an additional 219,057 shares during the period. Spirit AeroSystems comprises approximately 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.'s holdings, making the stock its 17th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.30% of Spirit AeroSystems worth $12,080,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after acquiring an additional 112,286 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Spirit AeroSystems during the fourth quarter valued at approximately $520,000. SBI Securities Co. Ltd. purchased a new position in Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Oak Family Advisors LLC acquired a new position in Spirit AeroSystems in the 4th quarter valued at approximately $999,000. Finally, Spectrum Financial Alliance Ltd LLC purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $2,270,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock traded up $0.24 on Friday, reaching $33.47. The stock had a trading volume of 534,150 shares, compared to its average volume of 2,039,132. The business's 50-day moving average price is $33.62 and its two-hundred day moving average price is $33.13. The stock has a market cap of $3.91 billion, a P/E ratio of -2.70 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.94 billion. As a group, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on SPR shares. 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. StockNews.com began coverage on shares of Spirit AeroSystems in a research note 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.