Syon Capital LLC Takes Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Syon Capital LLC purchased a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,355 shares of the aerospace company's stock, valued at approximately $319,000.

Other large investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at $32,000. Headlands Technologies LLC bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $67,000. Byrne Asset Management LLC raised its stake in Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after buying an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new position in Spirit AeroSystems during the fourth quarter worth about $97,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPR. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Trading Down 0.5 %

Shares of Spirit AeroSystems stock traded down $0.17 during trading hours on Wednesday, reaching $35.82. 913,552 shares of the company's stock were exchanged, compared to its average volume of 2,012,354. The company has a 50 day moving average of $33.66 and a two-hundred day moving average of $33.27. The stock has a market cap of $4.19 billion, a P/E ratio of -2.88 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

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.