New York Life Investment Management LLC Purchases 49,386 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

New York Life Investment Management LLC increased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,327 shares of the aerospace company's stock after acquiring an additional 49,386 shares during the quarter. New York Life Investment Management LLC owned about 0.15% of Spirit AeroSystems worth $6,146,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SPR. International Assets Investment Management LLC boosted its stake in shares of Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company's stock valued at $779,000 after buying an additional 25,311 shares during the period. Olympiad Research LP acquired a new position in Spirit AeroSystems in the 3rd quarter valued at $987,000. Entropy Technologies LP lifted its position in shares of Spirit AeroSystems by 113.2% during the 3rd quarter. Entropy Technologies LP now owns 15,169 shares of the aerospace company's stock valued at $493,000 after acquiring an additional 8,055 shares during the period. V2 Financial group LLC grew its holdings in shares of Spirit AeroSystems by 13.1% during the 3rd quarter. V2 Financial group LLC now owns 13,095 shares of the aerospace company's stock worth $426,000 after purchasing an additional 1,513 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its stake in Spirit AeroSystems by 18.3% in the third quarter. D Orazio & Associates Inc. now owns 39,474 shares of the aerospace company's stock valued at $1,283,000 after purchasing an additional 6,120 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

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Wall Street Analysts Forecast Growth

SPR has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Friday. They issued a "sell" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and an average target price of $36.00.

Spirit AeroSystems Stock Down 1.9 %

NYSE SPR traded down $0.66 on Tuesday, hitting $34.09. The company's stock had a trading volume of 1,516,212 shares, compared to its average volume of 2,158,783. The company's 50-day moving average is $34.13 and its 200 day moving average is $33.25. The firm has a market cap of $3.99 billion, a PE ratio of -2.74 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a 1-year low of $28.92 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

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.