Gamco Investors INC. ET AL Acquires 25,950 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Gamco Investors INC. ET AL boosted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 33.6% in the fourth quarter, HoldingsChannel reports. The fund owned 103,150 shares of the aerospace company’s stock after acquiring an additional 25,950 shares during the period. Gamco Investors INC. ET AL’s holdings in Spirit AeroSystems were worth $3,515,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPR. XTX Topco Ltd purchased a new position in shares of Spirit AeroSystems during the third quarter valued at approximately $217,000. JPMorgan Chase & Co. raised its stake in Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after buying an additional 112,286 shares during the last quarter. Wedmont Private Capital bought a new stake in Spirit AeroSystems in the fourth quarter worth $253,000. FNY Investment Advisers LLC grew its stake in shares of Spirit AeroSystems by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Oak Thistle LLC increased its holdings in shares of Spirit AeroSystems by 12.1% during the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock valued at $496,000 after acquiring an additional 1,568 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Price Performance

Shares of SPR opened at $33.47 on Friday. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.08. The business has a fifty day moving average of $33.64 and a 200 day moving average of $33.13. The firm has a market capitalization of $3.91 billion, a P/E ratio of -2.70 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

SPR has been the topic of several recent analyst reports. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.56.

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.