AQR Arbitrage LLC Acquires 224,405 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

AQR Arbitrage LLC raised its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,781 shares of the aerospace company’s stock after purchasing an additional 224,405 shares during the period. AQR Arbitrage LLC’s holdings in Spirit AeroSystems were worth $21,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after buying an additional 112,286 shares during the period. Wedmont Private Capital bought a new position in Spirit AeroSystems during the 4th quarter valued at approximately $253,000. FNY Investment Advisers LLC raised its stake in Spirit AeroSystems by 100.0% during the fourth quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company’s stock valued at $340,000 after buying an additional 5,000 shares during the last quarter. Oak Thistle LLC boosted its holdings in Spirit AeroSystems by 12.1% in the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock worth $496,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Spirit AeroSystems in the fourth quarter worth $231,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 0.1 %

SPR opened at $36.01 on Thursday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.08. The firm has a 50 day moving average price of $33.71 and a 200-day moving average price of $33.29. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -2.90 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) 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 analyst estimates of $1.94 billion. As a group, analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on SPR. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and a consensus price target of $36.56.

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.