Spirit AeroSystems (NYSE:SPR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR - Free Report) in a report issued on Tuesday. The firm issued a sell rating on the aerospace company's stock.

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.67.

Spirit AeroSystems Trading Up 1.5 %

SPR traded up $0.49 on Tuesday, hitting $32.58. 2,881,470 shares of the company's stock were exchanged, compared to its average volume of 2,935,096. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -2.58 and a beta of 1.82. The firm has a 50-day moving average price of $32.01 and a 200-day moving average price of $32.88.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.83 billion. On average, equities analysts predict that Spirit AeroSystems will post -12.64 EPS for the current year.

Institutional Trading of Spirit AeroSystems

Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Spirit AeroSystems in the 3rd quarter worth approximately $217,000. National Bank of Canada FI lifted its stake in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock worth $81,275,000 after purchasing an additional 2,438,974 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Spirit AeroSystems by 0.8% during the third quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company's stock worth $14,686,000 after buying an additional 3,424 shares during the period. Sand Grove Capital Management LLP acquired a new stake in shares of Spirit AeroSystems in the third quarter valued at $14,099,000. Finally, Quadrature Capital Ltd acquired a new position in Spirit AeroSystems during the 3rd quarter worth about $293,000. 93.59% of the stock is owned by institutional investors and hedge funds.

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.