Spirit Aerosystems Holdings, Inc. $SPR Stake Boosted by XTX Topco Ltd

XTX Topco Ltd lifted its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 70.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,047 shares of the aerospace company’s stock after acquiring an additional 12,438 shares during the quarter. XTX Topco Ltd’s holdings in Spirit Aerosystems were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ethic Inc. acquired a new position in Spirit Aerosystems in the second quarter worth approximately $400,000. Y Intercept Hong Kong Ltd acquired a new stake in Spirit Aerosystems in the second quarter valued at approximately $3,272,000. Vanguard Personalized Indexing Management LLC bought a new stake in Spirit Aerosystems in the second quarter worth approximately $340,000. Valeo Financial Advisors LLC acquired a new position in shares of Spirit Aerosystems during the 2nd quarter worth $1,747,000. Finally, Bank of Montreal Can acquired a new position in shares of Spirit Aerosystems during the 2nd quarter worth $6,803,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Price Performance

Spirit Aerosystems stock opened at $36.66 on Friday. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.33. The firm has a fifty day moving average price of $37.58 and a two-hundred day moving average price of $38.59. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of -1.83 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR) last issued its quarterly earnings results on Friday, October 31st. The aerospace company reported ($4.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($4.50). The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.92 billion. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($3.03) earnings per share. As a group, sell-side analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPR has been the subject of several analyst reports. Zacks Research raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.63.

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.