Proficio Capital Partners LLC Buys Shares of 15,268 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Proficio Capital Partners LLC purchased a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 15,268 shares of the aerospace company's stock, valued at approximately $520,000.

Several other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its position in Spirit AeroSystems by 12.3% during the fourth quarter. M&T Bank Corp now owns 35,355 shares of the aerospace company's stock worth $1,204,000 after buying an additional 3,880 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems during the fourth quarter worth about $32,000. AIMZ Investment Advisors LLC bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $208,000. New York Life Investment Management LLC raised its stake in Spirit AeroSystems by 37.7% in the fourth quarter. New York Life Investment Management LLC now owns 180,327 shares of the aerospace company's stock valued at $6,146,000 after purchasing an additional 49,386 shares in the last quarter. Finally, Spectrum Financial Alliance Ltd LLC bought a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $2,270,000. Institutional investors own 93.59% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SPR shares. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Fifteen research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $36.00.

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Spirit AeroSystems Price Performance

SPR stock traded down $0.15 during trading on Thursday, reaching $35.20. The company had a trading volume of 422,351 shares, compared to its average volume of 1,975,661. Spirit AeroSystems Holdings, Inc. has a 52 week low of $28.92 and a 52 week high of $37.08. The business has a 50 day moving average of $34.21 and a 200 day moving average of $33.19. The company has a market cap of $4.11 billion, a P/E ratio of -2.83 and a beta of 1.77.

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 firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.94 billion. Research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share 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.