SBI Securities Co. Ltd. Acquires New Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 947 shares of the aerospace company’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPR. Entropy Technologies LP lifted its position in Spirit AeroSystems by 113.2% in the third quarter. Entropy Technologies LP now owns 15,169 shares of the aerospace company’s stock valued at $493,000 after purchasing an additional 8,055 shares during the period. D Orazio & Associates Inc. lifted its position in shares of Spirit AeroSystems by 18.3% during the 3rd quarter. D Orazio & Associates Inc. now owns 39,474 shares of the aerospace company’s stock valued at $1,283,000 after acquiring an additional 6,120 shares during the period. KBC Group NV lifted its position in shares of Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after acquiring an additional 771 shares during the period. ING Groep NV acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $16,817,000. Finally, Quest Partners LLC acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

SPR has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating on the stock. Finally, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Fifteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems has a consensus rating of “Hold” and an average target price of $36.00.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock opened at $33.41 on Thursday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.92 and a 52-week high of $37.08. The firm has a 50 day moving average price of $34.04 and a two-hundred day moving average price of $33.17. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -2.69 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, equities research analysts predict 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.