Bank of Montreal Can Raises Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Bank of Montreal Can increased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1,744.2% in the 3rd quarter, Holdings Channel reports. The firm owned 802,091 shares of the aerospace company’s stock after buying an additional 758,599 shares during the period. Bank of Montreal Can’s holdings in Spirit AeroSystems were worth $26,557,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Pentwater Capital Management LP lifted its stake in Spirit AeroSystems by 18,132.0% in the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after buying an additional 9,066,000 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Spirit AeroSystems in the 3rd quarter valued at $77,296,000. Appian Way Asset Management LP purchased a new position in Spirit AeroSystems during the 2nd quarter worth $39,969,000. Assenagon Asset Management S.A. increased its stake in Spirit AeroSystems by 405.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company’s stock valued at $35,158,000 after purchasing an additional 858,162 shares during the period. Finally, ING Groep NV purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at about $16,817,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on SPR. StockNews.com initiated coverage on Spirit AeroSystems in a report on Sunday, November 24th. They set a “sell” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR opened at $32.32 on Friday. The company’s fifty day moving average is $32.09 and its two-hundred day moving average is $32.77. The firm has a market capitalization of $3.78 billion, a P/E ratio of -2.60 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current fiscal year.

Spirit AeroSystems 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.