Trexquant Investment LP Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Trexquant Investment LP bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 166,075 shares of the aerospace company's stock, valued at approximately $5,278,000. Trexquant Investment LP owned approximately 0.16% of Spirit AeroSystems at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPR. Vanguard Group Inc. boosted its stake in shares of Spirit AeroSystems by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company's stock worth $160,886,000 after acquiring an additional 51,387 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Spirit AeroSystems by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 4,401,341 shares of the aerospace company's stock worth $71,038,000 after buying an additional 209,531 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of Spirit AeroSystems by 8.2% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,869,900 shares of the aerospace company's stock worth $46,320,000 after buying an additional 216,900 shares in the last quarter. Norges Bank acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $62,432,000. Finally, Sei Investments Co. increased its holdings in Spirit AeroSystems by 12.7% during the 3rd quarter. Sei Investments Co. now owns 1,410,704 shares of the aerospace company's stock valued at $22,769,000 after acquiring an additional 159,034 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

Shares of SPR stock traded up $0.29 during trading hours on Wednesday, hitting $31.48. 1,780,947 shares of the company were exchanged, compared to its average volume of 3,597,366. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -3.59 and a beta of 1.79. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34. The business's 50-day simple moving average is $32.98 and its two-hundred day simple moving average is $30.20.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company's quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm posted ($1.69) EPS. As a group, analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPR. Royal Bank of Canada increased their price target on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 8th. Stifel Nicolaus boosted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a "hold" rating in a report on Wednesday, March 20th. StockNews.com lowered Spirit AeroSystems from a "hold" rating to a "sell" rating in a research note on Thursday, May 9th. Morgan Stanley reduced their target price on shares of Spirit AeroSystems from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 7th. Finally, Susquehanna upped their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a "positive" rating in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $32.83.

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.