5,419 Shares in Spirit Aerosystems Holdings, Inc. $SPR Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System acquired a new position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,419 shares of the aerospace company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Spirit Aerosystems by 4,207.4% in the first quarter. GAMMA Investing LLC now owns 11,027 shares of the aerospace company’s stock worth $380,000 after purchasing an additional 10,771 shares during the period. Teacher Retirement System of Texas acquired a new stake in Spirit Aerosystems in the first quarter worth approximately $1,087,000. CIBRA Capital Ltd acquired a new stake in Spirit Aerosystems in the first quarter worth approximately $11,987,000. Valeo Financial Advisors LLC acquired a new stake in Spirit Aerosystems in the second quarter worth approximately $1,747,000. Finally, Maven Securities LTD acquired a new stake in Spirit Aerosystems in the first quarter worth approximately $689,000. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Trading Down 0.7%

NYSE SPR opened at $38.61 on Wednesday. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33. The company has a market capitalization of $4.53 billion, a PE ratio of -1.93 and a beta of 1.70. The firm’s fifty day simple moving average is $39.83 and its 200-day simple moving average is $37.90.

Spirit Aerosystems (NYSE:SPR) last posted 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 quarter in the previous year, the business earned ($2.73) earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Susquehanna upped their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Spirit Aerosystems in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Spirit Aerosystems currently has a consensus rating of “Hold” and an average target price of $38.63.

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.