Senator Investment Group LP Purchases 74,145 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Senator Investment Group LP grew its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 415.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,000 shares of the aerospace company's stock after acquiring an additional 74,145 shares during the quarter. Senator Investment Group LP owned 0.08% of Spirit AeroSystems worth $124,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. R Squared Ltd bought a new stake in Spirit AeroSystems in the fourth quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems during the 4th quarter valued at about $32,000. Headlands Technologies LLC bought a new position in Spirit AeroSystems during the 4th quarter worth approximately $67,000. Byrne Asset Management LLC increased its stake in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after purchasing an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $97,000. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPR. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Spirit AeroSystems has an average rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Stock Up 0.3 %

Shares of NYSE SPR traded up $0.12 on Friday, reaching $34.93. 1,285,321 shares of the company's stock traded hands, compared to its average volume of 2,016,828. The business's 50 day simple moving average is $33.60 and its two-hundred day simple moving average is $33.18. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.08. The company has a market cap of $4.08 billion, a price-to-earnings ratio of -2.81 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.94 billion. Analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

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.