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

Pentwater Capital Management LP raised its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 approximately 3.5% of Pentwater Capital Management LP's holdings, making the stock its 7th biggest holding. Pentwater Capital Management LP owned 7.89% of Spirit AeroSystems worth $314,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SPR. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems in the 4th quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at $67,000. Byrne Asset Management LLC increased its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 1,390 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at $97,000. Institutional investors own 93.59% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPR shares. 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 began coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Spirit AeroSystems presently has an average rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Trading Up 2.6 %

SPR opened at $35.79 on Tuesday. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of -2.88 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.08. The stock has a fifty day moving average price of $33.63 and a 200 day moving average price of $33.25.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

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.

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