Entropy Technologies LP increased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Free Report) by 113.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,169 shares of the aerospace company’s stock after acquiring an additional 8,055 shares during the period. Entropy Technologies LP’s holdings in Spirit AeroSystems were worth $493,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in SPR. Byrne Asset Management LLC purchased a new stake in shares of Spirit AeroSystems during the 2nd quarter valued at about $30,000. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the third quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC boosted its holdings in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 724 shares during the last quarter. Quarry LP grew its position in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Spirit AeroSystems by 567.8% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,661 shares of the aerospace company’s stock valued at $153,000 after buying an additional 3,963 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.
Spirit AeroSystems Price Performance
Shares of NYSE SPR opened at $30.70 on Friday. The stock has a market cap of $3.58 billion, a PE ratio of -2.47 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 1 year low of $24.11 and a 1 year high of $37.08. The firm has a fifty day moving average price of $32.30 and a 200-day moving average price of $32.76.
Wall Street Analysts Forecast Growth
SPR has been the topic of a number of research reports. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday. They issued a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.67.
Read Our Latest Research Report on SPR
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.
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