R Squared Ltd Invests $30,000 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

R Squared Ltd bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 870 shares of the aerospace company’s stock, valued at approximately $30,000.

Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI increased its stake in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after purchasing an additional 2,438,974 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in Spirit AeroSystems during the third quarter valued at $77,296,000. Bank of Montreal Can grew its position in shares of Spirit AeroSystems by 1,744.2% during the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after acquiring an additional 758,599 shares during the last quarter. ING Groep NV bought a new position in shares of Spirit AeroSystems during the third quarter worth about $16,817,000. Finally, Sand Grove Capital Management LLP bought a new position in shares of Spirit AeroSystems during the third quarter worth about $14,099,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Down 0.4 %

SPR opened at $33.87 on Tuesday. The firm has a market capitalization of $3.96 billion, a P/E ratio of -2.73 and a beta of 1.81. The stock’s 50 day moving average price is $33.45 and its two-hundred day moving average price is $33.29. Spirit AeroSystems Holdings, Inc. has a 12-month low of $25.50 and a 12-month high of $37.08.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Tuesday. They set a “sell” rating for the company. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.67.

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.