Pentwater Capital Management LP Has $314.22 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Pentwater Capital Management LP increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,220,000 shares of the aerospace company's stock after purchasing an additional 120,000 shares during the period. Spirit AeroSystems accounts for about 3.5% of Pentwater Capital Management LP's investment portfolio, making the stock its 7th largest holding. Pentwater Capital Management LP owned 7.89% of Spirit AeroSystems worth $314,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPR. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Spirit AeroSystems by 161.8% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock worth $12,080,000 after purchasing an additional 219,057 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Spirit AeroSystems by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after buying an additional 112,286 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $520,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems during the 4th quarter worth $32,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Spirit AeroSystems in the 4th quarter worth $999,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPR shares. Royal Bank of Canada reiterated a "sector perform" rating and issued 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 report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen equities research 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, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Price Performance

SPR traded down $0.03 on Friday, reaching $35.94. 1,331,355 shares of the company traded hands, 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 market cap of $4.21 billion, a price-to-earnings ratio of -2.89 and a beta of 1.63. The stock's 50 day moving average price is $33.78 and its 200-day moving average price is $33.36.

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 for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. The company's revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.93) earnings per share. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal 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.