Short Interest in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Rises By 21.5%

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 10,060,000 shares, a growth of 21.5% from the January 15th total of 8,280,000 shares. Based on an average daily trading volume, of 1,520,000 shares, the short-interest ratio is presently 6.6 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Wednesday. They issued a “sell” rating on the stock. Finally, TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Stock Up 0.0 %

SPR stock opened at $34.55 on Friday. The business has a fifty day moving average price of $33.82 and a 200 day moving average price of $33.27. Spirit AeroSystems has a fifty-two week low of $28.30 and a fifty-two week high of $37.08.

Institutional Trading of Spirit AeroSystems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Spirit AeroSystems by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock worth $368,142,000 after acquiring an additional 203,549 shares during the last quarter. Pentwater Capital Management LP grew its stake in shares of Spirit AeroSystems by 1.3% during the fourth 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 during the last quarter. National Bank of Canada FI increased its holdings in shares of Spirit AeroSystems by 47.2% in the fourth 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 acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $105,879,000. Finally, Alpine Associates Management Inc. raised its position in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after purchasing an additional 714,984 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.