National Bank of Canada FI Has $125.45 Million Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

National Bank of Canada FI grew its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 47.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,681,147 shares of the aerospace company's stock after purchasing an additional 1,181,147 shares during the period. National Bank of Canada FI owned about 3.15% of Spirit AeroSystems worth $125,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Spirit AeroSystems in the fourth quarter valued at about $105,879,000. Alpine Associates Management Inc. lifted its holdings in shares of Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after buying an additional 714,984 shares during the last quarter. Sand Grove Capital Management LLP bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $14,099,000. SG Americas Securities LLC grew its stake in shares of Spirit AeroSystems by 1,295.0% in the 4th quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock valued at $11,103,000 after buying an additional 302,439 shares in the last quarter. Finally, Harvest Management LLC increased its holdings 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 buying an additional 221,600 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

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Spirit AeroSystems Stock Down 4.6 %

Shares of SPR stock traded down $1.57 during trading hours on Thursday, reaching $32.50. 2,647,662 shares of the company's stock were exchanged, compared to its average volume of 2,072,361. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $37.08. The stock has a market capitalization of $3.80 billion, a P/E ratio of -2.62 and a beta of 1.77. The business has a fifty day moving average price of $34.27 and a 200-day moving average price of $33.23.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its earnings results 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 company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.94 billion. As a group, research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPR. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Fifteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.