Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Purchased by Appian Way Asset Management LP

Appian Way Asset Management LP raised its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 129.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,131,506 shares of the aerospace company's stock after acquiring an additional 637,451 shares during the period. Spirit AeroSystems accounts for about 8.0% of Appian Way Asset Management LP's holdings, making the stock its 6th biggest position. Appian Way Asset Management LP owned 0.97% of Spirit AeroSystems worth $38,562,000 at the end of the most recent quarter.

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

Spirit AeroSystems Trading Down 0.1 %

Shares of SPR traded down $0.03 during midday trading on Friday, reaching $35.94. 1,331,355 shares of the company were exchanged, compared to its average volume of 2,009,596. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.08. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -2.89 and a beta of 1.41. The stock has a 50-day moving average price of $33.78 and a 200-day moving average price of $33.36.

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 for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company posted ($3.93) EPS. Equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPR. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com initiated 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Spirit AeroSystems has a consensus rating of "Hold" and a consensus price target of $36.56.

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.