Pentwater Capital Management LP Buys 120,000 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Pentwater Capital Management LP lifted its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 9,220,000 shares of the aerospace company’s stock after buying an additional 120,000 shares during the period. Spirit AeroSystems comprises approximately 3.5% of Pentwater Capital Management LP’s portfolio, making the stock its 7th biggest holding. Pentwater Capital Management LP owned about 0.08% of Spirit AeroSystems worth $314,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $105,879,000. National Bank of Canada FI boosted its stake in shares of Spirit AeroSystems by 47.2% in the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock valued at $125,453,000 after purchasing an additional 1,181,147 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Spirit AeroSystems by 73.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company’s stock valued at $83,114,000 after purchasing an additional 1,029,989 shares in the last quarter. Alpine Associates Management Inc. boosted its stake in shares of Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after purchasing an additional 714,984 shares in the last quarter. Finally, TIG Advisors LLC boosted its stake in shares of Spirit AeroSystems by 66.8% in the 4th quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company’s stock valued at $59,268,000 after purchasing an additional 696,533 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Trading Up 2.6 %

Spirit AeroSystems stock opened at $35.79 on Tuesday. The company has a market cap of $4.18 billion, a PE ratio of -2.88 and a beta of 1.41. The company’s 50-day moving average is $33.63 and its two-hundred day moving average is $33.25. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued 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 business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. 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. Fourteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.56.

About Spirit AeroSystems

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.