NINE MASTS CAPITAL Ltd Acquires Shares of 40,166 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

NINE MASTS CAPITAL Ltd bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 40,166 shares of the aerospace company’s stock, valued at approximately $1,320,000.

Several other large investors also recently modified their holdings of SPR. Seven Eight Capital LP bought a new stake in Spirit AeroSystems during the fourth quarter worth about $5,694,000. Vanguard Group Inc. increased its stake in Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after acquiring an additional 109,632 shares during the last quarter. Norges Bank acquired a new position in Spirit AeroSystems during the fourth quarter valued at approximately $62,432,000. Boulder Hill Capital Management LP bought a new stake in Spirit AeroSystems during the fourth quarter worth $791,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPR shares. Truist Financial upped their price objective on Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Barclays restated an “equal weight” rating and issued a $37.00 price target (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Spirit AeroSystems in a report on Monday, July 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 price target (up from $36.00) on shares of Spirit AeroSystems in a research note on Monday, July 8th. Finally, StockNews.com assumed coverage on Spirit AeroSystems in a research report on Thursday, September 5th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and an average price target of $35.38.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock opened at $33.69 on Thursday. The firm has a 50 day moving average price of $34.61 and a two-hundred day moving average price of $33.15. Spirit AeroSystems Holdings, Inc. has a 52-week low of $14.65 and a 52-week high of $37.08. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of -3.88 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned ($1.46) earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -4.21 EPS 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.