Jade Capital Advisors LLC Has $5.29 Million Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Jade Capital Advisors LLC lifted its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 162,560 shares of the aerospace company’s stock after acquiring an additional 10,000 shares during the period. Spirit AeroSystems makes up about 3.3% of Jade Capital Advisors LLC’s holdings, making the stock its 2nd largest holding. Jade Capital Advisors LLC’s holdings in Spirit AeroSystems were worth $5,285,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Spirit AeroSystems by 8.8% in the 4th quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company’s stock worth $344,649,000 after acquiring an additional 876,673 shares during the period. Riverview Trust Co bought a new position in Spirit AeroSystems in the 1st quarter valued at $35,000. Brookstone Capital Management bought a new position in Spirit AeroSystems in the 1st quarter valued at $405,000. MCF Advisors LLC boosted its position in Spirit AeroSystems by 0.8% in the 1st quarter. MCF Advisors LLC now owns 41,228 shares of the aerospace company’s stock valued at $1,487,000 after buying an additional 343 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Spirit AeroSystems in the 1st quarter valued at $382,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 4.3 %

Shares of NYSE:SPR opened at $33.09 on Tuesday. The firm has a market cap of $3.86 billion, a P/E ratio of -3.81 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a 12-month low of $20.98 and a 12-month high of $37.08. The business has a fifty day simple moving average of $33.38 and a 200 day simple moving average of $32.96.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm posted ($1.46) EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -4.67 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating and set a $37.25 target price (down from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Spirit AeroSystems in a report on Monday, July 8th. UBS Group upped their target price on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Susquehanna reiterated a “neutral” rating and set a $37.00 target price (down previously from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 17th. Finally, StockNews.com assumed coverage on Spirit AeroSystems in a research note on Tuesday, October 15th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.07.

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.