Hudson Bay Capital Management LP Invests $21.66 Million in Spirit Aerosystems Holdings, Inc. $SPR

Hudson Bay Capital Management LP bought a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 567,761 shares of the aerospace company’s stock, valued at approximately $21,660,000. Hudson Bay Capital Management LP owned 0.48% of Spirit Aerosystems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SPR. Cubist Systematic Strategies LLC purchased a new stake in shares of Spirit Aerosystems in the 2nd quarter valued at approximately $5,758,000. BNP Paribas Financial Markets lifted its position in shares of Spirit Aerosystems by 7.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 76,313 shares of the aerospace company’s stock worth $2,911,000 after purchasing an additional 5,037 shares during the last quarter. BTG Pactual Asset Management US LLC grew its stake in shares of Spirit Aerosystems by 5.3% during the second quarter. BTG Pactual Asset Management US LLC now owns 31,579 shares of the aerospace company’s stock worth $1,205,000 after purchasing an additional 1,579 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Spirit Aerosystems by 25.7% in the second quarter. Balyasny Asset Management L.P. now owns 6,502,847 shares of the aerospace company’s stock valued at $248,084,000 after buying an additional 1,328,419 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Spirit Aerosystems by 2.4% in the second quarter. Bank of America Corp DE now owns 900,943 shares of the aerospace company’s stock valued at $34,371,000 after buying an additional 21,014 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPR shares. Zacks Research raised Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Spirit Aerosystems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Spirit Aerosystems has an average rating of “Hold” and a consensus price target of $38.63.

Spirit Aerosystems Stock Up 0.1%

NYSE SPR opened at $39.44 on Friday. The firm has a market cap of $4.64 billion, a P/E ratio of -1.78 and a beta of 1.11. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.33. The business’s 50-day moving average price is $37.60 and its 200 day moving average price is $38.68.

Spirit Aerosystems (NYSE:SPR) last posted its quarterly earnings data on Friday, October 31st. The aerospace company reported ($4.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($4.50). The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm earned ($3.03) earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts anticipate 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.