28,429 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,429 shares of the aerospace company's stock, valued at approximately $924,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPR. Pentwater Capital Management LP boosted its position in shares of Spirit AeroSystems by 18,132.0% during the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock valued at $296,356,000 after acquiring an additional 9,066,000 shares during the last quarter. Steadfast Capital Management LP boosted its position in shares of Spirit AeroSystems by 1,274.6% during the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company's stock valued at $170,066,000 after acquiring an additional 4,371,874 shares during the last quarter. Appian Way Asset Management LP bought a new position in shares of Spirit AeroSystems during the 2nd quarter valued at approximately $39,969,000. Vanguard Group Inc. boosted its position in shares of Spirit AeroSystems by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company's stock valued at $344,649,000 after acquiring an additional 876,673 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Spirit AeroSystems by 405.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company's stock valued at $35,158,000 after acquiring an additional 858,162 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Price Performance

SPR stock traded up $0.54 during trading on Friday, hitting $31.46. 2,610,149 shares of the company traded hands, compared to its average volume of 1,369,380. The stock's 50-day simple moving average is $33.56 and its 200 day simple moving average is $33.08. The company has a market cap of $3.67 billion, a PE ratio of -3.06 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a 1 year low of $16.36 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.57 billion. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.46) EPS. Research analysts expect that Spirit AeroSystems Holdings, Inc. will post -4.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPR shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $37.00 price target (up previously from $36.00) on shares of Spirit AeroSystems in a report on Monday, July 8th. Truist Financial increased their price target on Spirit AeroSystems from $30.00 to $35.00 and gave the company a "hold" rating in a report on Wednesday, July 17th. Barclays restated an "equal weight" rating and set a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. Robert W. Baird reiterated a "neutral" rating and issued a $37.25 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research note on Friday, July 12th. Finally, UBS Group increased their target price on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $34.73.

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.