Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Holdings Lifted by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 3,996.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,500,000 shares of the aerospace company's stock after buying an additional 2,438,974 shares during the period. National Bank of Canada FI owned approximately 2.15% of Spirit AeroSystems worth $81,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPR. Pentwater Capital Management LP boosted its position in shares of Spirit AeroSystems by 18,132.0% in the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock worth $296,356,000 after buying an additional 9,066,000 shares during the period. Alpine Associates Management Inc. purchased a new position in Spirit AeroSystems in the 3rd quarter worth approximately $77,296,000. Appian Way Asset Management LP acquired a new stake in Spirit AeroSystems in the second quarter valued at approximately $39,969,000. Assenagon Asset Management S.A. raised its stake in shares of Spirit AeroSystems by 405.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company's stock valued at $35,158,000 after purchasing an additional 858,162 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Spirit AeroSystems by 1,744.2% during the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company's stock worth $26,557,000 after purchasing an additional 758,599 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Down 0.6 %

Shares of NYSE:SPR traded down $0.19 on Friday, reaching $32.21. 831,147 shares of the company's stock were exchanged, compared to its average volume of 1,855,986. The business's 50-day moving average is $32.02 and its two-hundred day moving average is $32.86. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -2.59 and a beta of 1.82.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.83 billion. Analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPR has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com initiated coverage on Spirit AeroSystems in a research note on Monday, December 2nd. They issued a "sell" rating on the stock. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and an average target price of $35.67.

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.