JPMorgan Chase & Co. Purchases 112,286 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

JPMorgan Chase & Co. lifted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 32.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 462,837 shares of the aerospace company’s stock after acquiring an additional 112,286 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Spirit AeroSystems worth $15,047,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SPR. National Bank of Canada FI increased its stake in Spirit AeroSystems by 3,996.6% in the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after purchasing an additional 2,438,974 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Spirit AeroSystems in the 3rd quarter worth $77,296,000. Appian Way Asset Management LP bought a new position in shares of Spirit AeroSystems in the 2nd quarter worth $39,969,000. Bank of Montreal Can boosted its position in Spirit AeroSystems by 1,744.2% during the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after purchasing an additional 758,599 shares in the last quarter. Finally, ING Groep NV bought a new stake in Spirit AeroSystems during the third quarter valued at about $16,817,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Saturday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Trading Up 1.0 %

NYSE:SPR opened at $34.25 on Friday. The firm has a fifty day simple moving average of $32.59 and a 200-day simple moving average of $33.29. Spirit AeroSystems Holdings, Inc. has a 12 month low of $25.16 and a 12 month high of $37.08. The company has a market capitalization of $4.00 billion, a P/E ratio of -2.76 and a beta of 1.81.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.64 EPS 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.