15,268 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 15,268 shares of the aerospace company’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPR. R Squared Ltd purchased a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth $49,000. Byrne Asset Management LLC lifted its stake in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 1,390 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in Spirit AeroSystems during the fourth quarter worth about $149,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

Shares of SPR opened at $35.51 on Monday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.92 and a 1 year high of $37.08. The company’s 50 day simple moving average is $34.12 and its 200 day simple moving average is $33.14.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.94 billion. Equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on SPR shares. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating for the company. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fifteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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.