Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 20.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,231 shares of the aerospace company’s stock after purchasing an additional 5,135 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Spirit AeroSystems were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth $49,000. Byrne Asset Management LLC lifted its position in Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,390 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in Spirit AeroSystems during the 4th quarter valued at about $149,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Up 3.7 %

NYSE:SPR opened at $35.05 on Thursday. Spirit AeroSystems Holdings, Inc. has a 52 week low of $28.92 and a 52 week high of $37.08. The stock has a market capitalization of $4.10 billion, a PE ratio of -2.82 and a beta of 1.77. The stock’s 50-day moving average price is $34.08 and its 200-day moving average price is $33.13.

Spirit AeroSystems (NYSE:SPR) last issued 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 the consensus estimate of $1.94 billion. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating for the company. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fifteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

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.