Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report) shares hit a new 52-week high during 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 Trading Up 0.3%
The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -2.19 and a beta of 1.61. The stock's 50 day moving average is $37.55 and its 200 day moving average is $35.19.
Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced 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 business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.93) EPS. On average, equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.
Institutional Trading of Spirit Aerosystems
Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Spirit Aerosystems in the fourth quarter valued at approximately $105,879,000. National Bank of Canada FI raised its stake in shares of Spirit Aerosystems by 47.2% during the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock valued at $125,453,000 after acquiring an additional 1,181,147 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Spirit Aerosystems by 73.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock valued at $83,114,000 after acquiring an additional 1,029,989 shares during the last quarter. Millennium Management LLC raised its stake in shares of Spirit Aerosystems by 51.9% during the first quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company's stock valued at $87,722,000 after acquiring an additional 870,263 shares during the last quarter. Finally, TIG Advisors LLC raised its stake in shares of Spirit Aerosystems by 66.8% during the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock valued at $59,268,000 after acquiring an additional 696,533 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.
About Spirit Aerosystems
(
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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