66,618 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Bought by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC acquired a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 66,618 shares of the aerospace company's stock, valued at approximately $2,270,000. Spirit AeroSystems accounts for 0.8% of Spectrum Financial Alliance Ltd LLC's holdings, making the stock its 11th biggest position. Spectrum Financial Alliance Ltd LLC owned approximately 0.06% of Spirit AeroSystems at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPR. R Squared Ltd bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $30,000. Quest Partners LLC bought a new stake in Spirit AeroSystems during the third quarter worth about $49,000. Byrne Asset Management LLC grew its holdings in Spirit AeroSystems by 210.6% in the fourth 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. Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $149,000. Finally, KBC Group NV lifted its holdings in shares of Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock valued at $150,000 after purchasing an additional 771 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Trading Up 0.1 %

SPR stock traded up $0.03 during midday trading on Wednesday, reaching $34.00. 1,824,041 shares of the company's stock traded hands, compared to its average volume of 1,163,020. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.32 and a 52-week high of $37.08. The stock has a market cap of $3.97 billion, a P/E ratio of -2.74 and a beta of 1.80. The stock's 50-day moving average is $34.02 and its 200 day moving average is $33.24.

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Analyst Ratings Changes

Several research firms have commented on SPR. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Thursday, February 20th. They issued a "sell" rating for the company. Finally, TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $36.00.

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.