30,368 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Acquired by Olympiad Research LP

Olympiad Research LP bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,368 shares of the aerospace company’s stock, valued at approximately $987,000. Spirit AeroSystems comprises approximately 0.6% of Olympiad Research LP’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPR. Byrne Asset Management LLC bought a new position in Spirit AeroSystems in the second quarter worth approximately $30,000. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems in the third quarter worth approximately $32,000. Allspring Global Investments Holdings LLC raised its position in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 724 shares during the period. Manchester Capital Management LLC raised its position in Spirit AeroSystems by 586.2% in the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,659 shares during the period. Finally, Quarry LP raised its position in Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SPR has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. Robert W. Baird reiterated a “neutral” rating and issued a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Susquehanna restated a “neutral” rating and set a $37.00 price objective (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 17th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Thursday, October 31st. They set a “sell” rating on the stock. Finally, Baird R W downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.54.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR opened at $31.10 on Thursday. The company has a market cap of $3.62 billion, a P/E ratio of -2.50 and a beta of 1.84. The firm’s fifty day moving average is $32.77 and its two-hundred day moving average is $32.84. Spirit AeroSystems Holdings, Inc. has a 52-week low of $20.98 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -9.91 EPS for the current fiscal year.

Spirit AeroSystems Company 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.