GABELLI & Co INVESTMENT ADVISERS INC. Acquires 219,057 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 161.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,457 shares of the aerospace company's stock after purchasing an additional 219,057 shares during the quarter. Spirit AeroSystems accounts for 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.'s portfolio, making the stock its 17th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.30% of Spirit AeroSystems worth $12,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPR. JPMorgan Chase & Co. increased its holdings in shares of Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock worth $15,047,000 after buying an additional 112,286 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Spirit AeroSystems during the 4th quarter worth about $520,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems during the 4th quarter valued at about $32,000. Oak Family Advisors LLC acquired a new stake in shares of Spirit AeroSystems during the 4th quarter worth approximately $999,000. Finally, Spectrum Financial Alliance Ltd LLC bought a new position in Spirit AeroSystems in the fourth quarter valued at approximately $2,270,000. 93.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPR has been the topic of several recent analyst reports. 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. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Spirit AeroSystems presently has a consensus rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Stock Up 0.7 %

Shares of NYSE SPR traded up $0.24 during midday trading on Friday, reaching $33.47. 534,150 shares of the company were exchanged, compared to its average volume of 2,039,030. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.08. The stock has a market cap of $3.91 billion, a P/E ratio of -2.70 and a beta of 1.41. The stock's 50-day moving average price is $33.62 and its 200-day moving average price is $33.13.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings data 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 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 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.