Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 41.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,700 shares of the aerospace company's stock after purchasing an additional 142,400 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.41% of Spirit AeroSystems worth $16,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. R Squared Ltd purchased a new position in Spirit AeroSystems in the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in Spirit AeroSystems in the 4th quarter worth $32,000. Headlands Technologies LLC purchased a new position in Spirit AeroSystems in the 4th quarter worth $67,000. Byrne Asset Management LLC raised its stake in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Vestcor Inc purchased a new position in Spirit AeroSystems in the 4th quarter worth $97,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analysts Set New Price Targets

SPR has been the subject of a number of research analyst reports. Royal Bank of Canada restated 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 assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Price Performance

SPR stock traded up $0.38 during trading on Thursday, hitting $37.49. The stock had a trading volume of 1,270,423 shares, compared to its average volume of 1,979,795. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.86. The stock has a market capitalization of $4.40 billion, a P/E ratio of -3.02 and a beta of 1.63. The company's 50-day moving average price is $34.29 and its two-hundred day moving average price is $33.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted ($3.93) EPS. The company's revenue was down 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Spirit AeroSystems 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.