Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Sees Significant Growth in Short Interest

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 11,190,000 shares, a growth of 24.9% from the March 31st total of 8,960,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is presently 8.2 days. Currently, 9.7% of the shares of the company are short sold.

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock traded down $0.03 during trading hours on Friday, reaching $35.94. The company's stock had a trading volume of 1,331,355 shares, compared to its average volume of 2,011,161. Spirit AeroSystems has a one year low of $27.00 and a one year high of $37.08. The firm has a 50 day moving average price of $33.78 and a 200-day moving average price of $33.35. The stock has a market cap of $4.20 billion, a P/E ratio of -2.89 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems's revenue was down 10.6% on a year-over-year basis. During the same period last year, the firm earned ($3.93) earnings per share. As a group, sell-side analysts forecast that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated 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 equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $36.56.

Institutional Investors Weigh In On Spirit AeroSystems

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Spirit AeroSystems in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems during the 4th quarter worth approximately $32,000. Headlands Technologies LLC purchased a new position in Spirit AeroSystems during the 4th quarter valued at $67,000. Byrne Asset Management LLC grew its position in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Vestcor Inc bought a new position in Spirit AeroSystems in the 4th quarter valued at $97,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

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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