Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 1,744.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802,091 shares of the aerospace company's stock after acquiring an additional 758,599 shares during the period. Bank of Montreal Can owned 0.69% of Spirit AeroSystems worth $26,557,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Pentwater Capital Management LP grew its stake in Spirit AeroSystems by 18,132.0% in the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock worth $296,356,000 after purchasing an additional 9,066,000 shares in the last quarter. Earnest Partners LLC grew its position in shares of Spirit AeroSystems by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock worth $134,644,000 after buying an additional 105,350 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Spirit AeroSystems during the third quarter valued at $77,296,000. Sei Investments Co. raised its holdings in shares of Spirit AeroSystems by 5.5% in the second quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company's stock valued at $55,450,000 after acquiring an additional 88,608 shares in the last quarter. Finally, Appian Way Asset Management LP purchased a new stake in Spirit AeroSystems in the second quarter worth about $39,969,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Trading Down 0.5 %

Shares of NYSE SPR traded down $0.17 during midday trading on Friday, reaching $32.36. The company had a trading volume of 1,487,439 shares, compared to its average volume of 2,978,862. The stock has a market cap of $3.78 billion, a P/E ratio of -2.61 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 1 year low of $25.16 and a 1 year high of $37.08. The business's 50-day simple moving average is $32.08 and its 200 day simple moving average is $32.78.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. Analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current year.

Analysts Set New Price Targets

SPR has been the subject of several recent research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com began coverage on Spirit AeroSystems in a report on Sunday, November 24th. They set a "sell" rating for the company. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $35.67.

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.