14,700 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPRFree Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,700 shares of the aerospace company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPR. Price T Rowe Associates Inc. MD raised its holdings in shares of Spirit AeroSystems by 6,821.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,591,729 shares of the aerospace company’s stock worth $134,538,000 after purchasing an additional 4,525,393 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of Spirit AeroSystems in the 1st quarter worth approximately $83,597,000. Wolf Hill Capital Management LP bought a new stake in shares of Spirit AeroSystems in the 1st quarter worth approximately $78,680,000. Assenagon Asset Management S.A. bought a new stake in shares of Spirit AeroSystems in the 3rd quarter worth approximately $22,186,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Spirit AeroSystems by 20.1% in the 4th quarter. Alliancebernstein L.P. now owns 6,695,378 shares of the aerospace company’s stock worth $198,183,000 after purchasing an additional 1,122,570 shares in the last quarter. 88.05% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Up 3.0 %

SPR opened at $35.39 on Wednesday. The firm’s 50-day simple moving average is $29.10 and its 200-day simple moving average is $24.79. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $36.00.

Spirit AeroSystems (NYSE:SPRGet Free Report) last posted its earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.84). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted ($1.46) earnings per share. The business’s revenue was up 37.3% compared to the same quarter last year. Equities analysts expect that Spirit AeroSystems Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPR has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Spirit AeroSystems from a “peer perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Thursday, November 9th. Truist Financial boosted their price target on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. KeyCorp initiated coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They set a “sector weight” rating on the stock. StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Citigroup began coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Spirit AeroSystems presently has a consensus rating of “Hold” and an average target price of $30.72.

View Our Latest Analysis on SPR

Spirit AeroSystems Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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