UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Free Report) by 22.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 258,169 shares of the aerospace company’s stock after purchasing an additional 47,356 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Spirit AeroSystems were worth $8,798,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. KBC Group NV raised its holdings in shares of Spirit AeroSystems by 24.4% during the 4th quarter. KBC Group NV now owns 5,733 shares of the aerospace company’s stock valued at $195,000 after buying an additional 1,126 shares during the period. R Squared Ltd purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $30,000. Oak Family Advisors LLC purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $999,000. Byrne Asset Management LLC raised its holdings in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $366,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on SPR shares. Wall Street Zen started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and an average price target of $36.56.
Spirit AeroSystems Trading Down 1.2%
Shares of SPR opened at $37.35 on Friday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -3.01 and a beta of 1.63. The stock has a 50 day moving average of $34.97 and a 200-day moving average of $34.07. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $38.33.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the firm posted ($3.93) EPS. On average, sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 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.
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