GAMMA Investing LLC Acquires 10,771 Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

GAMMA Investing LLC raised its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 4,207.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,027 shares of the aerospace company’s stock after acquiring an additional 10,771 shares during the quarter. GAMMA Investing LLC’s holdings in Spirit Aerosystems were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPR. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Spirit Aerosystems by 161.8% during 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 purchasing an additional 219,057 shares during the period. Proficio Capital Partners LLC bought a new stake in Spirit Aerosystems during the 4th quarter valued at about $520,000. Twin Securities Inc. purchased a new stake in Spirit Aerosystems in the 4th quarter valued at about $1,177,000. SBI Securities Co. Ltd. bought a new position in Spirit Aerosystems in the 4th quarter worth about $32,000. Finally, Northern Trust Corp boosted its holdings in shares of Spirit Aerosystems by 13.7% in the fourth quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company’s stock valued at $19,258,000 after purchasing an additional 68,183 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit Aerosystems Stock Performance

Shares of SPR stock opened at $37.07 on Friday. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $39.00. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of -2.03, a PEG ratio of 2.27 and a beta of 1.63. The stock’s 50-day simple moving average is $36.44 and its 200-day simple moving average is $34.63.

Spirit Aerosystems (NYSE:SPR) last issued its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems’s revenue was down 10.6% compared to the same quarter last year. During the same period last year, the business earned ($3.93) EPS. As a group, equities analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Spirit Aerosystems in a research report on Saturday, March 8th. They set a “hold” rating for the company. Thirteen 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.com, the company presently has an average rating of “Hold” and an average target price of $36.56.

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.