Proficio Capital Partners LLC Makes New $520,000 Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Proficio Capital Partners LLC acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,268 shares of the aerospace company's stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPR. Quest Partners LLC acquired a new stake in shares of Spirit AeroSystems during the third quarter worth approximately $49,000. Cerity Partners LLC increased its holdings in Spirit AeroSystems by 59.2% during the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company's stock valued at $3,872,000 after purchasing an additional 44,282 shares in the last quarter. Bank of Montreal Can raised its position in Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company's stock valued at $26,557,000 after purchasing an additional 758,599 shares during the last quarter. Harvest Management LLC boosted its stake in Spirit AeroSystems by 84.8% in the third quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company's stock worth $15,702,000 after purchasing an additional 221,600 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Spirit AeroSystems during the third quarter worth $454,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Trading Up 0.1 %

Shares of Spirit AeroSystems stock traded up $0.02 on Tuesday, reaching $35.60. 237,110 shares of the company were exchanged, compared to its average volume of 1,994,645. Spirit AeroSystems Holdings, Inc. has a one year low of $28.92 and a one year high of $37.08. The company has a 50-day moving average of $34.15 and a 200 day moving average of $33.16. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of -2.87 and a beta of 1.77.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly 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 business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.94 billion. Analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating for the company. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.00.

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.