Byrne Asset Management LLC Has $161,000 Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Byrne Asset Management LLC grew its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 128.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,679 shares of the aerospace company’s stock after buying an additional 2,629 shares during the period. Byrne Asset Management LLC’s holdings in Spirit AeroSystems were worth $161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Spirit AeroSystems by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock valued at $368,142,000 after buying an additional 203,549 shares during the period. Pentwater Capital Management LP boosted its position in shares of Spirit AeroSystems by 1.3% during the 4th quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock valued at $314,218,000 after purchasing an additional 120,000 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Spirit AeroSystems by 47.2% during the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock valued at $125,453,000 after purchasing an additional 1,181,147 shares in the last quarter. Norges Bank bought a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $105,879,000. Finally, Alpine Associates Management Inc. boosted its position in shares of Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after purchasing an additional 714,984 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Down 1.9%

SPR stock opened at $36.76 on Friday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $39.00. The stock’s 50 day moving average is $35.98 and its 200-day moving average is $34.48. The firm has a market capitalization of $4.31 billion, a PE ratio of -2.96 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned ($3.93) EPS. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.56.

About Spirit AeroSystems

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.