Quantbot Technologies LP Purchases 94,552 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Quantbot Technologies LP grew its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 705.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 107,961 shares of the aerospace company’s stock after acquiring an additional 94,552 shares during the period. Quantbot Technologies LP’s holdings in Spirit AeroSystems were worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SPR. WINTON GROUP Ltd bought a new position in Spirit AeroSystems during the second quarter worth about $2,111,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Spirit AeroSystems in the 2nd quarter valued at $1,320,000. American Century Companies Inc. grew its position in Spirit AeroSystems by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 12,850 shares of the aerospace company’s stock valued at $422,000 after purchasing an additional 794 shares during the period. Arizona State Retirement System boosted its holdings in Spirit AeroSystems by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock worth $1,069,000 after acquiring an additional 724 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Spirit AeroSystems by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 128,569 shares of the aerospace company’s stock worth $4,226,000 after buying an additional 9,757 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPR. Baird R W cut Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Stifel Nicolaus upped their price objective on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a research report on Monday, July 8th. Robert W. Baird reaffirmed a “neutral” rating and issued a $37.25 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research note on Friday, July 12th. UBS Group increased their price objective on Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Hold” and an average price target of $35.38.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $32.87 on Tuesday. The stock has a market capitalization of $3.83 billion, a PE ratio of -3.78 and a beta of 1.85. The business’s fifty day moving average is $34.56 and its 200 day moving average is $33.27. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm earned ($1.46) earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -4.21 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.