Paloma Partners Management Co Takes $405,000 Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Paloma Partners Management Co acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,882 shares of the aerospace company's stock, valued at approximately $405,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Spirit AeroSystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after purchasing an additional 203,549 shares during the period. Pentwater Capital Management LP lifted its holdings in shares of Spirit AeroSystems by 1.3% in the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock worth $314,218,000 after buying an additional 120,000 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Spirit AeroSystems by 47.2% during the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after acquiring an additional 1,181,147 shares during the last quarter. Norges Bank purchased a new position in Spirit AeroSystems during the fourth quarter valued at $105,879,000. Finally, Alpine Associates Management Inc. increased its holdings in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after acquiring an additional 714,984 shares during the last quarter. Institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of "Hold" and an average price target of $36.56.

Spirit AeroSystems Stock Down 0.1 %

Spirit AeroSystems stock traded down $0.03 during midday trading on Friday, reaching $35.94. The stock had a trading volume of 1,331,355 shares, compared to its average volume of 2,009,596. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.08. The company has a fifty day moving average of $33.78 and a 200 day moving average of $33.36. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -2.89 and a beta of 1.63.

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 analysts' consensus estimates 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 period in the prior year, the firm posted ($3.93) EPS. The firm's revenue for the quarter was down 10.6% compared to the same quarter last year. Equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

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.