New York Life Investment Management LLC Raises Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

New York Life Investment Management LLC grew its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 37.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 180,327 shares of the aerospace company’s stock after buying an additional 49,386 shares during the period. New York Life Investment Management LLC’s holdings in Spirit AeroSystems were worth $6,146,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $30,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems during the third quarter valued at approximately $49,000. Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $149,000. Finally, KBC Group NV grew its stake in shares of Spirit AeroSystems by 20.1% during the third 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.

Spirit AeroSystems Stock Up 1.2 %

Spirit AeroSystems stock opened at $34.89 on Friday. The business has a fifty day moving average of $34.11 and a two-hundred day moving average of $33.26. The firm has a market cap of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a twelve month low of $28.32 and a twelve month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Tuesday, March 4th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). Equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a research note on Friday. They set a “sell” rating on the stock. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.00.

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.