Vestmark Advisory Solutions Inc. Invests $405,000 in Spirit Aerosystems Holdings, Inc. $SPR

Vestmark Advisory Solutions Inc. bought a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,605 shares of the aerospace company’s stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KRYGER CAPITAL Ltd raised its stake in Spirit Aerosystems by 1.1% in the 2nd quarter. KRYGER CAPITAL Ltd now owns 109,704 shares of the aerospace company’s stock worth $4,185,000 after acquiring an additional 1,158 shares during the last quarter. Savant Capital LLC lifted its position in shares of Spirit Aerosystems by 3.8% during the 2nd quarter. Savant Capital LLC now owns 12,153 shares of the aerospace company’s stock valued at $464,000 after buying an additional 440 shares in the last quarter. Bank of Montreal Can acquired a new position in Spirit Aerosystems during the second quarter worth $6,803,000. MUFG Securities EMEA plc boosted its holdings in Spirit Aerosystems by 277.8% in the 2nd quarter. MUFG Securities EMEA plc now owns 272,000 shares of the aerospace company’s stock worth $10,377,000 after buying an additional 200,001 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Spirit Aerosystems by 24.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 15,220 shares of the aerospace company’s stock valued at $581,000 after acquiring an additional 3,029 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

SPR has been the topic of several recent research reports. Wall Street Zen upgraded Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Spirit Aerosystems presently has a consensus rating of “Hold” and a consensus price target of $38.63.

Spirit Aerosystems Stock Performance

Shares of SPR opened at $36.15 on Thursday. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -1.80 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $42.33. The company’s 50 day simple moving average is $38.49 and its 200 day simple moving average is $38.62.

Spirit Aerosystems (NYSE:SPR) last posted its quarterly earnings results on Friday, October 31st. The aerospace company reported ($4.87) EPS for the quarter, missing the consensus estimate 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. Spirit Aerosystems’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned ($3.03) EPS. Equities analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

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.