Gabelli Funds LLC Buys 26,000 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Gabelli Funds LLC increased its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,597 shares of the aerospace company's stock after acquiring an additional 26,000 shares during the quarter. Gabelli Funds LLC owned about 0.24% of Spirit AeroSystems worth $9,426,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SPR. R Squared Ltd bought a new position in Spirit AeroSystems in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems in the fourth quarter worth about $32,000. Headlands Technologies LLC acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $67,000. Byrne Asset Management LLC grew its stake in shares of 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 purchasing an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $97,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

SPR traded up $0.47 during mid-day trading on Tuesday, reaching $33.76. The stock had a trading volume of 195,249 shares, compared to its average volume of 1,289,241. The stock has a market capitalization of $3.95 billion, a P/E ratio of -2.72 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.08. The firm's fifty day simple moving average is $33.60 and its two-hundred day simple moving average is $33.14.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) 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, analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPR. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. 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 analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $36.56.

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.