45,572 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,572 shares of the aerospace company’s stock, valued at approximately $2,217,000.

A number of other large investors have also added to or reduced their stakes in the stock. Rocky Mountain Advisers LLC grew its stake in Spirit AeroSystems by 1,141.3% during the first quarter. Rocky Mountain Advisers LLC now owns 571 shares of the aerospace company’s stock worth $28,000 after buying an additional 525 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Spirit AeroSystems during the first quarter worth about $35,000. Neo Ivy Capital Management acquired a new stake in Spirit AeroSystems during the fourth quarter worth about $41,000. Captrust Financial Advisors acquired a new stake in Spirit AeroSystems during the first quarter worth about $54,000. Finally, Fifth Third Bancorp grew its stake in Spirit AeroSystems by 119.4% during the first quarter. Fifth Third Bancorp now owns 1,433 shares of the aerospace company’s stock worth $70,000 after buying an additional 780 shares in the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SPR opened at $43.56 on Thursday. The stock’s 50 day simple moving average is $47.20. The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.74 and a current ratio of 2.68. Spirit AeroSystems Holdings, Inc. has a one year low of $17.26 and a one year high of $53.63.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, May 4th. The aerospace company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($0.36). Spirit AeroSystems had a negative return on equity of 64.00% and a negative net margin of 27.23%. The firm had revenue of $901.00 million for the quarter, compared to the consensus estimate of $883.40 million. During the same quarter in the previous year, the business posted ($0.79) EPS. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post -2.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 6th. Shareholders of record on Monday, June 14th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.09%. Spirit AeroSystems’s payout ratio is -0.70%.

A number of brokerages have issued reports on SPR. Credit Suisse Group increased their price objective on shares of Spirit AeroSystems from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, May 6th. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating and set a $44.00 price target on the stock in a research note on Wednesday. Finally, Cowen raised their price target on shares of Spirit AeroSystems from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, June 22nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.50.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs and manufactures commercial aerostructures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and other structure components of the fuselage, such as floor beams.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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