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

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,952,014 shares of the aerospace company's stock after purchasing an additional 171,935 shares during the quarter. Spirit AeroSystems comprises about 8.0% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's portfolio, making the stock its biggest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.53% of Spirit AeroSystems worth $100,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $105,879,000. National Bank of Canada FI boosted its stake in shares of Spirit AeroSystems by 47.2% during the 4th 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 period. Adage Capital Partners GP L.L.C. boosted its stake in shares of Spirit AeroSystems by 73.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock worth $83,114,000 after acquiring an additional 1,029,989 shares during the period. Alpine Associates Management Inc. boosted its stake in shares of Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after acquiring an additional 714,984 shares during the period. Finally, TIG Advisors LLC boosted its stake in shares of Spirit AeroSystems by 66.8% during the 4th quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock worth $59,268,000 after acquiring an additional 696,533 shares during the period. Institutional investors and hedge funds own 93.59% of the company's stock.

Analysts Set New Price Targets

SPR has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com initiated coverage on Spirit AeroSystems in a research note 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Price Performance

SPR traded up $0.38 during trading on Thursday, hitting $37.49. The stock had a trading volume of 1,270,423 shares, compared to its average volume of 1,979,795. The company has a 50 day moving average price of $34.29 and a 200-day moving average price of $33.63. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -3.02 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.86.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.93) EPS. As a group, sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS 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.