Short Interest in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Rises By 21.5%

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 10,060,000 shares, an increase of 21.5% from the January 15th total of 8,280,000 shares. Based on an average daily trading volume, of 1,520,000 shares, the short-interest ratio is presently 6.6 days.

Analysts Set New Price Targets

SPR has been the topic of a number of analyst reports. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Thursday. They set a "sell" rating for the company. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Spirit AeroSystems presently has an average rating of "Hold" and a consensus price target of $36.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPR. Vanguard Group Inc. increased its position in Spirit AeroSystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock valued at $368,142,000 after buying an additional 203,549 shares in the last quarter. Pentwater Capital Management LP increased its holdings in shares of Spirit AeroSystems by 1.3% in the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock worth $314,218,000 after purchasing an additional 120,000 shares during the period. National Bank of Canada FI raised its position in shares of Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after buying an additional 1,181,147 shares in the last quarter. Norges Bank purchased a new stake in Spirit AeroSystems during the fourth quarter valued at about $105,879,000. Finally, Alpine Associates Management Inc. grew its stake in shares of Spirit AeroSystems by 30.1% during the fourth 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. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Up 0.5 %

Shares of SPR stock traded up $0.18 during trading hours on Thursday, reaching $34.43. The company's stock had a trading volume of 922,879 shares, compared to its average volume of 1,127,480. The firm's 50 day simple moving average is $33.98 and its 200-day simple moving average is $33.24. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -2.77 and a beta of 1.80. Spirit AeroSystems has a fifty-two week low of $28.30 and a fifty-two week high of $37.08.

Spirit AeroSystems Company 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.