Magnetar Financial LLC Lowers Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Magnetar Financial LLC lowered its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 895,907 shares of the aerospace company’s stock after selling 67,025 shares during the quarter. Magnetar Financial LLC’s holdings in Spirit AeroSystems were worth $30,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPR. National Bank of Canada FI increased its holdings in shares of 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 valued at $81,275,000 after acquiring an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of Spirit AeroSystems during the third quarter valued at $77,296,000. Bank of Montreal Can increased its holdings in shares of Spirit AeroSystems by 1,744.2% during the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after acquiring an additional 758,599 shares in the last quarter. Sand Grove Capital Management LLP bought a new position in shares of Spirit AeroSystems during the third quarter valued at $14,099,000. Finally, SG Americas Securities LLC increased its holdings in shares of Spirit AeroSystems by 1,295.0% during the fourth quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company’s stock valued at $11,103,000 after acquiring an additional 302,439 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 3.7 %

SPR stock opened at $35.05 on Thursday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $28.92 and a twelve month high of $37.08. The stock has a market cap of $4.10 billion, a P/E ratio of -2.82 and a beta of 1.77. The business’s 50-day moving average price is $34.08 and its 200-day moving average price is $33.13.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data 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 firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.00.

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.