OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 171,935 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,952,014 shares of the aerospace company's stock after acquiring an additional 171,935 shares during the period. Spirit AeroSystems makes up approximately 8.0% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's investment portfolio, making the stock its biggest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.53% of Spirit AeroSystems worth $100,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Headlands Technologies LLC purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $67,000. Byrne Asset Management LLC boosted its position 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 buying an additional 1,390 shares during the period. Finally, Vestcor Inc purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $97,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report 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's stock. According to data from MarketBeat, Spirit AeroSystems presently has a consensus rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock traded up $0.37 during mid-day trading on Friday, reaching $37.82. 975,641 shares of the company were exchanged, compared to its average volume of 1,978,022. The business has a fifty day moving average of $34.39 and a 200 day moving average of $33.67. The firm has a market cap of $4.44 billion, a P/E ratio of -3.05 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $37.86.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. The company's quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.93) earnings per share. Sell-side 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.