30,368 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Bought by Olympiad Research LP

Olympiad Research LP acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,368 shares of the aerospace company's stock, valued at approximately $987,000. Spirit AeroSystems comprises about 0.6% of Olympiad Research LP's investment portfolio, making the stock its 28th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in SPR. Byrne Asset Management LLC bought a new position in Spirit AeroSystems during the second quarter valued at about $30,000. Waldron Private Wealth LLC bought a new stake in shares of Spirit AeroSystems during the third quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC raised its stake 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 purchasing an additional 724 shares in the last quarter. Manchester Capital Management LLC lifted its position in Spirit AeroSystems by 586.2% in the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company's stock worth $70,000 after purchasing an additional 1,659 shares during the period. Finally, Quarry LP boosted its stake in Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock worth $75,000 after buying an additional 751 shares in the last quarter. Institutional investors own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SPR shares. Baird R W cut shares of Spirit AeroSystems from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 12th. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. StockNews.com assumed coverage on Spirit AeroSystems in a 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 report on Wednesday, July 17th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Spirit AeroSystems presently has an average rating of "Hold" and a consensus price target of $35.54.

Spirit AeroSystems Stock Down 0.8 %

Shares of Spirit AeroSystems stock traded down $0.24 during trading on Thursday, reaching $30.86. 3,468,906 shares of the company were exchanged, compared to its average volume of 3,049,119. Spirit AeroSystems Holdings, Inc. has a twelve month low of $20.98 and a twelve month high of $37.08. The business has a 50-day moving average price of $32.77 and a 200-day moving average price of $32.84. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -2.50 and a beta of 1.84.

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 analyst estimates of $1.83 billion. On average, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -9.91 EPS 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.