Entropy Technologies LP Acquires 5,746 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Entropy Technologies LP raised its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 37.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,915 shares of the aerospace company’s stock after purchasing an additional 5,746 shares during the quarter. Entropy Technologies LP’s holdings in Spirit AeroSystems were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SPR. National Bank of Canada FI grew its position 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 buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $77,296,000. Bank of Montreal Can increased its stake in shares of Spirit AeroSystems by 1,744.2% during the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after purchasing an additional 758,599 shares during the last quarter. ING Groep NV bought a new stake in shares of Spirit AeroSystems in the 3rd quarter worth approximately $16,817,000. Finally, Harvest Management LLC lifted its stake in Spirit AeroSystems by 84.8% in the third quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company’s stock valued at $15,702,000 after purchasing an additional 221,600 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPR has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Wednesday. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.00.

Spirit AeroSystems Stock Performance

Shares of SPR stock opened at $34.36 on Wednesday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.30 and a 52-week high of $37.08. The business’s fifty day moving average is $33.70 and its 200 day moving average is $33.25. The company has a market capitalization of $4.02 billion, a PE ratio of -2.77 and a beta of 1.80.

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.