Alpine Associates Management Inc. Boosts Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Alpine Associates Management Inc. grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,092,584 shares of the aerospace company's stock after purchasing an additional 714,984 shares during the quarter. Spirit AeroSystems comprises approximately 6.4% of Alpine Associates Management Inc.'s investment portfolio, making the stock its 4th biggest position. Alpine Associates Management Inc. owned about 2.65% of Spirit AeroSystems worth $105,395,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV grew its position in shares of Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock worth $150,000 after purchasing an additional 771 shares in the last quarter. R Squared Ltd acquired a new stake in Spirit AeroSystems during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems during the 4th quarter worth $32,000. Byrne Asset Management LLC raised its holdings in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $49,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPR. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating for the company. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fifteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems presently has an average rating of "Hold" and a consensus price target of $36.00.

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Spirit AeroSystems Stock Down 0.5 %

Shares of SPR stock traded down $0.15 during mid-day trading on Thursday, reaching $33.18. 711,848 shares of the stock traded hands, compared to its average volume of 2,057,749. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -2.67 and a beta of 1.77. The stock's fifty day simple moving average is $34.04 and its two-hundred day simple moving average is $33.17. Spirit AeroSystems Holdings, Inc. has a 1-year low of $28.92 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Spirit AeroSystems Company 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.