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

Appian Way Asset Management LP raised its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 129.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,131,506 shares of the aerospace company's stock after purchasing an additional 637,451 shares during the period. Spirit AeroSystems comprises about 8.0% of Appian Way Asset Management LP's investment portfolio, making the stock its 6th largest position. Appian Way Asset Management LP owned about 0.97% of Spirit AeroSystems worth $38,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPR. Vanguard Group Inc. boosted its holdings in Spirit AeroSystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after acquiring an additional 203,549 shares during the period. Pentwater Capital Management LP raised its stake in Spirit AeroSystems by 1.3% during the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock worth $314,218,000 after acquiring an additional 120,000 shares during the period. National Bank of Canada FI raised its position 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 purchasing an additional 1,181,147 shares during the period. Norges Bank bought a new stake in Spirit AeroSystems in the fourth quarter valued at $105,879,000. Finally, Alpine Associates Management Inc. lifted its position in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after purchasing an additional 714,984 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on SPR shares. 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. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Trading Down 0.5 %

Shares of NYSE SPR traded down $0.19 during mid-day trading on Tuesday, reaching $35.67. The company had a trading volume of 287,280 shares, compared to its average volume of 1,359,689. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.08. The stock has a market cap of $4.18 billion, a PE ratio of -2.87 and a beta of 1.63. The company has a 50-day moving average price of $33.82 and a two-hundred day moving average price of $33.40.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company earned ($3.93) earnings per share. The company's quarterly revenue was down 10.6% on a year-over-year basis. On average, research analysts expect 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.