Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Short Interest Update

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) was the recipient of a large increase in short interest in the month of 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 volume of 1,520,000 shares, the short-interest ratio is presently 6.6 days.

Spirit AeroSystems Stock Down 1.1 %

Shares of NYSE SPR traded down $0.39 during midday trading on Wednesday, hitting $34.26. The stock had a trading volume of 1,847,998 shares, compared to its average volume of 1,133,878. The company has a market cap of $4.00 billion, a P/E ratio of -2.76 and a beta of 1.80. The business's 50 day moving average is $33.94 and its 200-day moving average is $33.23. Spirit AeroSystems has a 52 week low of $28.30 and a 52 week high of $37.08.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, StockNews.com assumed coverage on Spirit AeroSystems in a report on Wednesday, February 12th. They issued a "sell" rating for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $36.00.

Institutional Trading of Spirit AeroSystems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Inspire Investing LLC boosted its position in shares of Spirit AeroSystems by 17.7% during the third quarter. Inspire Investing LLC now owns 12,582 shares of the aerospace company's stock valued at $409,000 after buying an additional 1,893 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Spirit AeroSystems by 27.7% in the third quarter. Blue Trust Inc. now owns 9,125 shares of the aerospace company's stock worth $300,000 after acquiring an additional 1,979 shares during the period. Jade Capital Advisors LLC raised its holdings in shares of Spirit AeroSystems by 6.6% during the third quarter. Jade Capital Advisors LLC now owns 162,560 shares of the aerospace company's stock valued at $5,285,000 after purchasing an additional 10,000 shares during the last quarter. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the third quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC boosted its holdings in Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company's stock worth $779,000 after purchasing an additional 25,311 shares during the last quarter. Institutional investors own 93.59% of the company's stock.

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.