Neo Ivy Capital Management Invests $1.97 Million in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Neo Ivy Capital Management acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 57,681 shares of the aerospace company’s stock, valued at approximately $1,965,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPR. Vanguard Group Inc. grew its holdings in shares of Spirit AeroSystems by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock valued at $368,142,000 after buying an additional 203,549 shares during the last quarter. Pentwater Capital Management LP raised its position in Spirit AeroSystems by 1.3% during the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock valued at $314,218,000 after acquiring an additional 120,000 shares in the last quarter. National Bank of Canada FI lifted its holdings in Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock valued at $125,453,000 after acquiring an additional 1,181,147 shares during the period. Norges Bank purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $105,879,000. Finally, Alpine Associates Management Inc. grew its stake in shares of Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after purchasing an additional 714,984 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPR has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Wall Street Zen started coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a “hold” rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $36.56.

Spirit AeroSystems Stock Up 0.5%

Spirit AeroSystems stock opened at $37.22 on Friday. The company has a fifty day simple moving average of $34.71 and a 200-day simple moving average of $33.79. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -3.00 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.88.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the business earned ($3.93) earnings per share. On average, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

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.