International Assets Investment Management LLC Has $779,000 Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

International Assets Investment Management LLC increased its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 180,792.9% during the third quarter, HoldingsChannel reports. The fund owned 25,325 shares of the aerospace company’s stock after acquiring an additional 25,311 shares during the quarter. International Assets Investment Management LLC’s holdings in Spirit AeroSystems were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock worth $395,128,000 after purchasing an additional 109,632 shares in the last quarter. Pentwater Capital Management LP grew its position in shares of Spirit AeroSystems by 18,132.0% during the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after acquiring an additional 9,066,000 shares during the period. Steadfast Capital Management LP grew its position in shares of Spirit AeroSystems by 1,274.6% during the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock valued at $170,066,000 after acquiring an additional 4,371,874 shares during the period. Maple Rock Capital Partners Inc. grew its position in shares of Spirit AeroSystems by 7.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock valued at $159,538,000 after acquiring an additional 296,000 shares during the period. Finally, Earnest Partners LLC grew its position in shares of 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 acquiring an additional 105,350 shares during the period. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR opened at $32.73 on Wednesday. The firm has a fifty day moving average price of $32.89 and a two-hundred day moving average price of $32.85. Spirit AeroSystems Holdings, Inc. has a one year low of $20.98 and a one year high of $37.08. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -2.64 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -9.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPR. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. Truist Financial lifted their price objective on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird reiterated a “neutral” rating and issued a $37.25 price objective (up from $36.00) on shares of Spirit AeroSystems in a research note on Friday, July 12th. Baird R W lowered shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.54.

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.