FNY Investment Advisers LLC Buys 5,000 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

FNY Investment Advisers LLC grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 100.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the aerospace company’s stock after purchasing an additional 5,000 shares during the period. FNY Investment Advisers LLC’s holdings in Spirit AeroSystems were worth $340,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Spirit AeroSystems by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after acquiring an additional 332 shares during the period. Ensign Peak Advisors Inc lifted its position in Spirit AeroSystems by 1.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock worth $1,166,000 after buying an additional 500 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Spirit AeroSystems by 6.4% during the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock worth $351,000 after purchasing an additional 643 shares in the last quarter. Quarry LP grew its stake in shares of Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 751 shares during the last quarter. Finally, KBC Group NV boosted its position in Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after buying an additional 771 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SPR shares. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Saturday. They issued a “sell” rating on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems has an average rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $34.25 on Tuesday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -2.76 and a beta of 1.81. The firm has a 50-day moving average of $32.64 and a 200-day moving average of $33.32. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. As a group, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current year.

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.