KBC Group NV Purchases 1,126 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

KBC Group NV boosted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 24.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,733 shares of the aerospace company’s stock after purchasing an additional 1,126 shares during the period. KBC Group NV’s holdings in Spirit AeroSystems were worth $195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPR. Cerity Partners LLC raised its holdings in shares of Spirit AeroSystems by 59.2% in the third quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock valued at $3,872,000 after buying an additional 44,282 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Spirit AeroSystems by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after acquiring an additional 112,286 shares during the last quarter. Alpine Associates Management Inc. acquired a new position in shares of Spirit AeroSystems during the third quarter worth approximately $77,296,000. International Assets Investment Management LLC grew its stake in shares of Spirit AeroSystems by 180,792.9% during the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after purchasing an additional 25,311 shares during the last quarter. Finally, Sand Grove Capital Management LLP acquired a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $14,099,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR opened at $34.34 on Wednesday. The firm has a 50 day moving average price of $33.49 and a 200 day moving average price of $33.28. The stock has a market cap of $4.01 billion, a P/E ratio of -2.76 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a 52-week low of $25.50 and a 52-week high of $37.08.

Analysts Set New Price Targets

SPR has been the topic of a number of recent research reports. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com assumed coverage on Spirit AeroSystems in a report on Tuesday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.67.

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.