Skandinaviska Enskilda Banken AB publ Has $2.03 Million Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Skandinaviska Enskilda Banken AB publ increased its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the aerospace company’s stock after purchasing an additional 10,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.05% of Spirit AeroSystems worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Spirit AeroSystems in the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth about $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth about $49,000. Byrne Asset Management LLC boosted its stake in shares of 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 buying an additional 1,390 shares during the last quarter. Finally, Vestcor Inc acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth about $97,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Spirit AeroSystems Stock Up 0.8 %

Spirit AeroSystems stock opened at $33.46 on Monday. The stock has a market cap of $3.91 billion, a P/E ratio of -2.69 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a twelve month low of $28.92 and a twelve month high of $37.08. The company’s 50-day moving average price is $34.04 and its two-hundred day moving average price is $33.14.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

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.