Skandinaviska Enskilda Banken AB publ Boosts Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,000 shares of the aerospace company's stock after acquiring an additional 10,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.05% of Spirit AeroSystems worth $2,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Spirit AeroSystems during the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in Spirit AeroSystems during the 4th quarter worth $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems during the 3rd quarter worth $49,000. Byrne Asset Management LLC increased its holdings in Spirit AeroSystems by 210.6% during 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 purchased a new position in Spirit AeroSystems during the 4th quarter worth $97,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Trading Down 0.3 %

NYSE:SPR traded down $0.10 during trading hours on Thursday, hitting $35.02. 838,744 shares of the stock were exchanged, compared to its average volume of 2,018,956. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.92 and a 52-week high of $37.08. The firm's fifty day moving average price is $34.08 and its 200 day moving average price is $33.13. The company has a market cap of $4.09 billion, a P/E ratio of -2.82 and a beta of 1.77.

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

Analysts Set New Price Targets

SPR has been the topic of several research reports. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fifteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.00.

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.