28,200 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,200 shares of the aerospace company’s stock, valued at approximately $961,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPR. R Squared Ltd bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Spirit AeroSystems during the 4th quarter valued at $32,000. Quest Partners LLC acquired a new position in Spirit AeroSystems during the 3rd quarter worth $49,000. Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Spirit AeroSystems during the fourth quarter valued at $97,000. Institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a “hold” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $35.20 on Friday. The stock has a market capitalization of $4.11 billion, a P/E ratio of -2.83 and a beta of 1.77. The business’s fifty day moving average is $34.24 and its two-hundred day moving average is $33.20. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.92 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Spirit AeroSystems 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.