Lighthouse Investment Partners LLC Takes Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Lighthouse Investment Partners LLC bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. increased 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 buying an additional 219,057 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $520,000. SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $32,000. Oak Family Advisors LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $999,000. Finally, Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $2,270,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SPR. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems currently has an average rating of "Hold" and an average price target of $36.56.

Spirit AeroSystems Price Performance

NYSE:SPR traded up $0.37 during trading hours on Friday, hitting $37.82. The company had a trading volume of 975,641 shares, compared to its average volume of 1,978,022. The company has a market capitalization of $4.44 billion, a PE ratio of -3.05 and a beta of 1.63. The stock has a 50-day moving average price of $34.39 and a 200 day moving average price of $33.67. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.86.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the business posted ($3.93) EPS. The company's quarterly revenue was down 10.6% on a year-over-year basis. Analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

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.