Proficio Capital Partners LLC Purchases Shares of 15,268 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Proficio Capital Partners LLC purchased a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 15,268 shares of the aerospace company’s stock, valued at approximately $520,000.

Several other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. purchased a new stake in Spirit AeroSystems during the 3rd quarter valued at $77,296,000. Bank of Montreal Can raised its holdings in Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after purchasing an additional 758,599 shares in the last quarter. ING Groep NV bought a new position in Spirit AeroSystems in the 3rd quarter worth $16,817,000. Finally, Harvest Management LLC raised its holdings in Spirit AeroSystems by 84.8% in the 3rd quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company’s stock worth $15,702,000 after purchasing an additional 221,600 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

Shares of SPR stock opened at $33.16 on Monday. Spirit AeroSystems Holdings, Inc. has a one year low of $28.92 and a one year high of $37.08. The company’s 50-day moving average is $34.11 and its 200 day moving average is $33.21. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -2.67 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data 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 company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research 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. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Saturday. They issued a “hold” rating for the company. Fifteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $36.00.

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.