Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,837 shares of the aerospace company's stock after buying an additional 112,286 shares during the period. JPMorgan Chase & Co. owned 0.40% of Spirit AeroSystems worth $15,047,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its position in shares of Spirit AeroSystems by 59.2% during the third quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company's stock worth $3,872,000 after purchasing an additional 44,282 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Spirit AeroSystems during the 3rd quarter worth $77,296,000. International Assets Investment Management LLC grew its holdings in shares of Spirit AeroSystems by 180,792.9% during the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company's stock worth $779,000 after buying an additional 25,311 shares in the last quarter. Earnest Partners LLC raised its position in shares of Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock valued at $134,644,000 after buying an additional 105,350 shares during the last quarter. Finally, Sand Grove Capital Management LLP purchased a new position in shares of Spirit AeroSystems in the third quarter worth about $14,099,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPR shares. TD Cowen raised shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Saturday. They issued a "sell" rating for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Spirit AeroSystems presently has an average rating of "Hold" and a consensus price target of $35.67.

Spirit AeroSystems Price Performance

Shares of SPR stock traded up $0.34 during trading hours on Friday, reaching $34.25. 889,653 shares of the stock were exchanged, compared to its average volume of 1,007,276. The business's fifty day moving average is $32.62 and its two-hundred day moving average is $33.31. The firm has a market capitalization of $4.00 billion, a P/E ratio of -2.76 and a beta of 1.81. Spirit AeroSystems Holdings, Inc. has a 12-month low of $25.16 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS 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 the consensus estimate of $1.83 billion. As a group, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current fiscal 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.