Cerity Partners LLC Invests $953,000 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Cerity 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 29,981 shares of the aerospace company's stock, valued at approximately $953,000.

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in Spirit AeroSystems during the 3rd quarter valued at about $22,186,000. Barclays PLC increased its holdings in shares of 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 purchasing an additional 1,010,226 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of 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 purchasing an additional 791,781 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position 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 worth $14,173,000 after acquiring an additional 778,267 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Spirit AeroSystems in the third quarter worth approximately $6,748,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock traded down $0.77 during trading on Tuesday, reaching $32.13. 4,263,635 shares of the company's stock were exchanged, compared to its average volume of 4,007,892. The company's 50-day moving average is $32.91 and its two-hundred day moving average is $28.66. Spirit AeroSystems Holdings, Inc. has a 52-week low of $14.65 and a 52-week high of $36.34. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -5.30, a PEG ratio of 13.30 and a beta of 1.77.

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

Analyst Ratings Changes

SPR has been the subject of a number of recent research reports. Morgan Stanley decreased their target price on Spirit AeroSystems from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. TD Cowen upgraded Spirit AeroSystems from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $27.00 to $35.00 in a research report on Thursday, February 8th. KeyCorp assumed coverage on Spirit AeroSystems in a research report on Wednesday, January 17th. They issued a "sector weight" rating on the stock. Stifel Nicolaus boosted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the company a "hold" rating in a research report on Wednesday, March 20th. Finally, Truist Financial boosted their price target on Spirit AeroSystems from $26.00 to $30.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.39.

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.