Gardner Lewis Asset Management L P Takes $961,000 Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Gardner Lewis Asset Management L P bought 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 filing with the SEC. The institutional investor bought 28,200 shares of the aerospace company's stock, valued at approximately $961,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems during the 4th quarter worth approximately $32,000. Quest Partners LLC acquired a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $49,000. Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after buying an additional 1,390 shares in the last quarter. Finally, Vestcor Inc acquired a new position in Spirit AeroSystems during the fourth quarter worth $97,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SPR. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Finally, TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Fifteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $36.00.

Spirit AeroSystems Trading Down 1.0 %

SPR stock traded down $0.34 during trading hours on Tuesday, hitting $34.12. 416,072 shares of the stock were exchanged, compared to its average volume of 2,072,016. The company has a 50-day simple moving average of $34.27 and a two-hundred day simple moving average of $33.21. The firm has a market capitalization of $3.99 billion, a P/E ratio of -2.75 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a 12 month low of $28.92 and a 12 month high of $37.08.

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 for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Spirit AeroSystems 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.