Syon Capital LLC Invests $319,000 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Syon Capital LLC bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,355 shares of the aerospace company's stock, valued at approximately $319,000.

Several other large investors have also added to or reduced their stakes in SPR. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock valued at $12,080,000 after buying an additional 219,057 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after acquiring an additional 112,286 shares during the period. Proficio Capital Partners LLC bought a new position in Spirit AeroSystems during the fourth quarter worth $520,000. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems in the fourth quarter worth $32,000. Finally, Oak Family Advisors LLC bought a new stake in Spirit AeroSystems in the fourth quarter valued at $999,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Trading Up 0.3 %

NYSE SPR opened at $34.93 on Friday. The business has a fifty day simple moving average of $33.60 and a 200 day simple moving average of $33.20. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.08. The firm has a market capitalization of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on SPR shares. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.56.

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.

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