Paloma Partners Management Co Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Paloma Partners Management Co acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,882 shares of the aerospace company's stock, valued at approximately $405,000.

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $32,000. Headlands Technologies LLC bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth $67,000. Byrne Asset Management LLC lifted its stake in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new position in Spirit AeroSystems in the fourth quarter valued at about $97,000. Institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Stock Performance

NYSE:SPR traded down $0.03 during mid-day trading on Friday, reaching $35.94. The stock had a trading volume of 1,331,355 shares, compared to its average volume of 2,011,161. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.08. The firm has a 50 day moving average price of $33.74 and a two-hundred day moving average price of $33.32. The stock has a market capitalization of $4.20 billion, a P/E ratio of -2.89 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $1.74 billion. Spirit AeroSystems's revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.93) EPS. Research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPR has been the subject of several analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.56.

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.