Sona Asset Management US LLC Takes $10.12 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Sona Asset Management US LLC acquired a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 297,049 shares of the aerospace company's stock, valued at approximately $10,123,000. Sona Asset Management US LLC owned approximately 0.25% of Spirit AeroSystems at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $67,000. Byrne Asset Management LLC raised its position in 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 purchasing an additional 1,390 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth $97,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on SPR shares. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fourteen investment 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 presently has an average rating of "Hold" and an average price target of $36.56.

Spirit AeroSystems Trading Down 0.6%

SPR stock traded down $0.22 during midday trading on Monday, hitting $37.60. The stock had a trading volume of 745,196 shares, compared to its average volume of 1,973,091. The firm has a market cap of $4.41 billion, a P/E ratio of -3.03 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.88. The business has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $33.68.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $1.74 billion. The firm's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.93) EPS. On average, equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current 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.