International Assets Investment Management LLC Acquires 25,311 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

International Assets Investment Management LLC lifted its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 180,792.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,325 shares of the aerospace company's stock after purchasing an additional 25,311 shares during the quarter. International Assets Investment Management LLC's holdings in Spirit AeroSystems were worth $779,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company's stock worth $395,128,000 after acquiring an additional 109,632 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 724 shares during the period. Earnest Partners LLC grew its position in Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock worth $134,644,000 after purchasing an additional 105,350 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Spirit AeroSystems during the first quarter valued at about $5,078,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Spirit AeroSystems in the second quarter valued at $924,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

SPR stock traded down $1.63 during trading on Wednesday, reaching $31.10. 5,320,099 shares of the company were exchanged, compared to its average volume of 3,047,160. The company has a 50-day moving average of $32.84 and a two-hundred day moving average of $32.85. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -2.50 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a twelve month low of $20.98 and a twelve month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.83 billion. On average, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -9.91 EPS for the current year.

Wall Street Analysts Forecast Growth

SPR has been the topic of several analyst reports. Wolfe Research restated a "peer perform" rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Baird R W cut Spirit AeroSystems from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 12th. StockNews.com started coverage on Spirit AeroSystems in a research report on Thursday, October 31st. They set a "sell" rating on the stock. Susquehanna reissued a "neutral" rating and issued a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Spirit AeroSystems has an average rating of "Hold" and a consensus target price of $35.54.

About Spirit AeroSystems

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.