Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Bought by Harvest Management LLC

Harvest Management LLC lifted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 84.8% in the third quarter, HoldingsChannel reports. The fund owned 483,000 shares of the aerospace company’s stock after buying an additional 221,600 shares during the period. Spirit AeroSystems accounts for approximately 8.0% of Harvest Management LLC’s investment portfolio, making the stock its 4th largest holding. Harvest Management LLC’s holdings in Spirit AeroSystems were worth $15,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPR. Cerity Partners LLC increased its stake in Spirit AeroSystems by 59.2% during the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock worth $3,872,000 after purchasing an additional 44,282 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $77,296,000. International Assets Investment Management LLC grew its holdings in 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 worth $779,000 after purchasing an additional 25,311 shares during the period. Earnest Partners LLC lifted its holdings in Spirit AeroSystems by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after purchasing an additional 105,350 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Spirit AeroSystems during the 2nd quarter worth about $924,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SPR has been the subject of a number of analyst 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. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Monday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Up 1.1 %

Spirit AeroSystems stock opened at $32.73 on Tuesday. The company’s 50 day moving average price is $32.08 and its two-hundred day moving average price is $32.81. Spirit AeroSystems Holdings, Inc. has a 52 week low of $25.16 and a 52 week high of $37.08. The stock has a market cap of $3.83 billion, a P/E ratio of -2.64 and a beta of 1.82.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current 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.