Water Island Capital LLC Has $269,000 Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Water Island Capital LLC cut its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 87.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,887 shares of the aerospace company's stock after selling 55,065 shares during the quarter. Water Island Capital LLC's holdings in Spirit AeroSystems were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SPR. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems during the fourth quarter valued at $32,000. Headlands Technologies LLC purchased a new position in Spirit AeroSystems in the fourth quarter valued at about $67,000. Byrne Asset Management LLC grew its stake in Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Vestcor Inc acquired a new position in Spirit AeroSystems in the 4th quarter worth about $97,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Trading Up 0.5 %

Spirit AeroSystems stock traded up $0.16 on Tuesday, reaching $33.07. 1,045,610 shares of the stock were exchanged, compared to its average volume of 2,045,472. The stock has a market cap of $3.87 billion, a PE ratio of -2.66 and a beta of 1.41. The firm has a fifty day moving average price of $33.68 and a two-hundred day moving average price of $33.12. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.08.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on SPR. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company 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.