Adage Capital Partners GP L.L.C. Buys 1,029,989 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Adage Capital Partners GP L.L.C. lifted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 73.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,438,791 shares of the aerospace company's stock after purchasing an additional 1,029,989 shares during the period. Adage Capital Partners GP L.L.C. owned 2.09% of Spirit AeroSystems worth $83,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPR. Norges Bank acquired a new stake in Spirit AeroSystems in the 4th quarter worth approximately $105,879,000. National Bank of Canada FI boosted its holdings in shares of Spirit AeroSystems by 47.2% during the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after buying an additional 1,181,147 shares during the period. Alpine Associates Management Inc. raised its holdings in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after acquiring an additional 714,984 shares during the period. Bank of Nova Scotia lifted its position in Spirit AeroSystems by 788.3% during the 4th quarter. Bank of Nova Scotia now owns 660,000 shares of the aerospace company's stock worth $22,493,000 after acquiring an additional 585,700 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at about $18,806,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Stock Performance

Shares of NYSE:SPR traded up $0.12 on Friday, hitting $34.93. The stock had a trading volume of 1,285,321 shares, compared to its average volume of 2,015,681. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -2.81 and a beta of 1.41. The firm's 50 day moving average price is $33.60 and its 200-day moving average price is $33.21. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPR. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $36.56.

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.