Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.18 and last traded at $38.76, with a volume of 617327 shares changing hands. The stock had previously closed at $38.91.
Spirit Aerosystems Price Performance
The stock has a fifty day moving average price of $37.31 and a 200-day moving average price of $35.06. The company has a market cap of $4.68 billion, a PE ratio of -2.19 and a beta of 1.61.
Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its 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 the consensus estimate of $1.74 billion. The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.93) EPS. On average, equities analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.
Hedge Funds Weigh In On Spirit Aerosystems
Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit Aerosystems in the fourth quarter valued at about $32,000. Headlands Technologies LLC acquired a new stake in Spirit Aerosystems during the 4th quarter worth $67,000. Vestcor Inc acquired a new stake in Spirit Aerosystems during the 4th quarter worth $97,000. Byrne Asset Management LLC boosted its position in shares of Spirit Aerosystems by 128.2% during the first quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after purchasing an additional 2,629 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock valued at $209,000 after acquiring an additional 1,967 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.
Spirit Aerosystems Company Profile
(
Get Free Report)
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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