Spirit Aerosystems Holdings, Inc. $SPR Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 48.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,029 shares of the aerospace company’s stock after purchasing an additional 334 shares during the period. Farther Finance Advisors LLC’s holdings in Spirit Aerosystems were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPR. Millennium Management LLC lifted its holdings in Spirit Aerosystems by 51.9% in the 1st quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company’s stock valued at $87,722,000 after purchasing an additional 870,263 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Spirit Aerosystems by 195.6% in the 1st quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company’s stock valued at $33,182,000 after purchasing an additional 637,110 shares in the last quarter. AQR Arbitrage LLC lifted its holdings in Spirit Aerosystems by 73.9% in the 1st quarter. AQR Arbitrage LLC now owns 1,093,536 shares of the aerospace company’s stock valued at $37,640,000 after purchasing an additional 464,755 shares in the last quarter. Royal Bank of Canada lifted its holdings in Spirit Aerosystems by 56.6% in the 1st quarter. Royal Bank of Canada now owns 1,032,014 shares of the aerospace company’s stock valued at $35,563,000 after purchasing an additional 372,931 shares in the last quarter. Finally, CIBRA Capital Ltd purchased a new position in Spirit Aerosystems in the 1st quarter valued at about $11,987,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Up 0.6%

Shares of NYSE:SPR opened at $39.61 on Wednesday. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.33. The company has a 50 day moving average of $39.87 and a two-hundred day moving average of $37.77. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -1.98 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($2.82). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned ($2.73) earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPR. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Susquehanna increased their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.63.

Spirit Aerosystems Company 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.