DRW Securities LLC Buys New Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

DRW Securities LLC acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,585 shares of the aerospace company's stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Spirit AeroSystems in the 4th quarter worth about $290,000. Bank of Nova Scotia lifted its holdings in shares of Spirit AeroSystems by 788.3% in the fourth quarter. Bank of Nova Scotia now owns 660,000 shares of the aerospace company's stock valued at $22,493,000 after purchasing an additional 585,700 shares in the last quarter. Legal & General Group Plc boosted its holdings in Spirit AeroSystems by 94.8% during the 4th quarter. Legal & General Group Plc now owns 247,165 shares of the aerospace company's stock worth $8,423,000 after acquiring an additional 120,273 shares during the last quarter. Invesco Ltd. lifted its position in shares of Spirit AeroSystems by 6.1% during the 4th quarter. Invesco Ltd. now owns 1,040,707 shares of the aerospace company's stock worth $35,467,000 after buying an additional 59,815 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Spirit AeroSystems in the 4th quarter worth about $67,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 target price 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 report on Thursday, December 19th. Finally, StockNews.com initiated coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating on the stock. Fifteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems has a consensus rating of "Hold" and a consensus price target of $36.00.

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Spirit AeroSystems Price Performance

SPR traded down $0.02 on Wednesday, reaching $33.13. 261,188 shares of the company's stock were exchanged, compared to its average volume of 2,038,466. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.08. The stock has a market cap of $3.87 billion, a PE ratio of -2.67 and a beta of 1.41. The stock's fifty day moving average price is $33.68 and its 200-day moving average price is $33.12.

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