Quadrature Capital Ltd Raises Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Quadrature Capital Ltd increased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 94.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 119,595 shares of the aerospace company’s stock after purchasing an additional 58,043 shares during the quarter. Quadrature Capital Ltd’s holdings in Spirit AeroSystems were worth $4,313,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Spirit AeroSystems during the first quarter worth about $25,000. Principal Securities Inc. acquired a new stake in Spirit AeroSystems during the fourth quarter worth about $26,000. Riverview Trust Co acquired a new stake in Spirit AeroSystems during the first quarter worth about $35,000. Allspring Global Investments Holdings LLC increased its stake in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 724 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Spirit AeroSystems by 586.2% during the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,659 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday. They set a “sell” rating for the company. Stifel Nicolaus upped their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a research note on Monday, July 8th. Benchmark reiterated a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. Baird R W lowered Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Barclays reiterated an “equal weight” rating and issued a $37.00 target price (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.60.

Spirit AeroSystems Trading Up 0.2 %

NYSE SPR traded up $0.06 during mid-day trading on Friday, reaching $35.57. 1,650,262 shares of the company’s stock traded hands, compared to its average volume of 5,088,822. Spirit AeroSystems Holdings, Inc. has a 1-year low of $14.65 and a 1-year high of $36.34. The company has a fifty day simple moving average of $32.52 and a 200-day simple moving average of $31.69. The company has a market cap of $4.15 billion, a price-to-earnings ratio of -4.09 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted ($1.69) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -3.93 earnings per share for the current fiscal year.

Spirit AeroSystems Company Profile

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.