Empowered Funds LLC Invests $366,000 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Empowered Funds LLC purchased a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,749 shares of the aerospace company's stock, valued at approximately $366,000.

A number of other hedge funds have also modified their holdings of SPR. National Bank of Canada FI lifted its position in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock valued at $81,275,000 after purchasing an additional 2,438,974 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of Spirit AeroSystems during the 3rd quarter valued at about $77,296,000. Bank of Montreal Can lifted its holdings in shares of Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company's stock valued at $26,557,000 after buying an additional 758,599 shares during the period. ING Groep NV purchased a new stake in shares of Spirit AeroSystems in the third quarter worth about $16,817,000. Finally, Harvest Management LLC boosted its stake in shares of Spirit AeroSystems by 84.8% in the third quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company's stock worth $15,702,000 after buying an additional 221,600 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Down 1.7 %

NYSE SPR traded down $0.57 on Friday, reaching $33.88. The stock had a trading volume of 2,157,760 shares, compared to its average volume of 1,157,805. The stock has a fifty day moving average price of $33.98 and a two-hundred day moving average price of $33.24. Spirit AeroSystems Holdings, Inc. has a 12-month low of $28.30 and a 12-month high of $37.08. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.80.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPR shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Thursday. They set a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $36.00.

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.