Geode Capital Management LLC Boosts Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Geode Capital Management LLC boosted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,847,904 shares of the aerospace company's stock after buying an additional 75,046 shares during the quarter. Geode Capital Management LLC owned approximately 1.58% of Spirit AeroSystems worth $62,998,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in Spirit AeroSystems by 56.8% during the 3rd quarter. Quantinno Capital Management LP now owns 17,229 shares of the aerospace company's stock worth $560,000 after purchasing an additional 6,238 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Spirit AeroSystems by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company's stock valued at $14,686,000 after purchasing an additional 3,424 shares during the last quarter. XTX Topco Ltd bought a new stake in Spirit AeroSystems during the third quarter valued at $217,000. JPMorgan Chase & Co. raised its position in shares of Spirit AeroSystems by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock worth $15,047,000 after acquiring an additional 112,286 shares in the last quarter. Finally, Wedmont Private Capital acquired a new stake in Spirit AeroSystems during the fourth quarter worth approximately $253,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR traded up $0.24 on Friday, hitting $33.47. 534,150 shares of the stock traded hands, compared to its average volume of 2,039,857. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.08. The company has a market capitalization of $3.91 billion, a PE ratio of -2.70 and a beta of 1.41. The business has a 50 day simple moving average of $33.64 and a 200 day simple moving average of $33.13.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share 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 the consensus estimate of $1.94 billion. On average, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPR. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. Finally, StockNews.com started coverage on Spirit AeroSystems in a research report 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 company. Based on data from MarketBeat.com, Spirit AeroSystems has a consensus rating of "Hold" and an average price target 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.