Duality Advisers LP Invests $2.70 Million in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Duality Advisers LP acquired a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 84,867 shares of the aerospace company's stock, valued at approximately $2,697,000. Duality Advisers LP owned approximately 0.08% of Spirit AeroSystems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in shares of Spirit AeroSystems during the third quarter valued at $22,186,000. Barclays PLC lifted its stake in Spirit AeroSystems by 1,458.1% in the third quarter. Barclays PLC now owns 1,079,512 shares of the aerospace company's stock valued at $17,422,000 after buying an additional 1,010,226 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Spirit AeroSystems by 9,458.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 800,152 shares of the aerospace company's stock valued at $12,914,000 after buying an additional 791,781 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Spirit AeroSystems by 779.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 878,108 shares of the aerospace company's stock valued at $14,173,000 after buying an additional 778,267 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Spirit AeroSystems in the third quarter valued at about $6,748,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Stock Down 0.1 %

Shares of NYSE:SPR traded down $0.03 during mid-day trading on Monday, reaching $32.90. 2,617,150 shares of the stock were exchanged, compared to its average volume of 4,004,577. The company has a market cap of $3.82 billion, a P/E ratio of -5.43, a P/E/G ratio of 13.30 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34. The stock's 50 day simple moving average is $32.87 and its 200-day simple moving average is $28.55.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.84). The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.74 billion. The firm's revenue was up 37.3% on a year-over-year basis. During the same quarter last year, the business earned ($1.46) earnings per share. Analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial increased their target price on Spirit AeroSystems from $26.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, January 10th. Stifel Nicolaus increased their target price on Spirit AeroSystems from $30.00 to $34.00 and gave the company a "hold" rating in a research note on Wednesday, March 20th. Citigroup initiated coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a "buy" rating and a $39.00 target price on the stock. Susquehanna increased their price target on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a "positive" rating in a report on Friday, April 12th. Finally, The Goldman Sachs Group increased their price target on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.39.

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.