Lighthouse Investment Partners LLC Purchases Shares of 282,560 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Lighthouse Investment Partners LLC bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 282,560 shares of the aerospace company's stock, valued at approximately $9,630,000. Lighthouse Investment Partners LLC owned 0.24% of Spirit AeroSystems as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $32,000. Headlands Technologies LLC purchased a new stake in shares of Spirit AeroSystems in the fourth quarter worth approximately $67,000. Byrne Asset Management LLC boosted its holdings in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after purchasing an additional 1,390 shares during the period. Finally, Vestcor Inc purchased a new position in Spirit AeroSystems during the fourth quarter valued at approximately $97,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Price Performance

SPR traded down $0.10 on Wednesday, hitting $37.20. The company had a trading volume of 1,280,099 shares, compared to its average volume of 1,977,407. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of -3.00 and a beta of 1.63. The company's fifty day moving average price is $34.18 and its 200 day moving average price is $33.59. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.85.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. The company's revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.93) EPS. On average, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SPR. Royal Bank of Canada reiterated 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 initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems presently 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.