TIG Advisors LLC Grows Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

TIG Advisors LLC boosted its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 66.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,739,094 shares of the aerospace company's stock after acquiring an additional 696,533 shares during the quarter. Spirit AeroSystems accounts for about 4.2% of TIG Advisors LLC's investment portfolio, making the stock its 7th largest holding. TIG Advisors LLC owned approximately 1.49% of Spirit AeroSystems worth $59,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SPR. R Squared Ltd purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems during the 4th quarter valued at approximately $32,000. Headlands Technologies LLC purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $67,000. Byrne Asset Management LLC grew its position in shares of Spirit AeroSystems by 210.6% in 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 last quarter. Finally, Vestcor Inc purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $97,000. 93.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPR has been the subject of a number of research analyst reports. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock traded down $0.03 during trading on Friday, hitting $35.94. The company's stock had a trading volume of 1,331,355 shares, compared to its average volume of 2,009,596. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.08. The company has a market capitalization of $4.21 billion, a PE ratio of -2.89 and a beta of 1.63. The company has a fifty day simple moving average of $33.78 and a two-hundred day simple moving average of $33.36.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business posted ($3.93) earnings per share. The firm's quarterly revenue was down 10.6% compared to the same quarter last year. As a group, analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current 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.