Aristotle Fund adds Spirit AeroSystems Holdings (SPR) to its portfolio

Spirit AeroSystems Holdings (SPR) : Aristotle Fund added new position in Spirit AeroSystems Holdings during the most recent quarter end. The investment management firm now holds 84,000 shares of Spirit AeroSystems Holdings which is valued at $3,864,840 , the company said in a statement filed on Aug 3, 2016 with the SEC.Spirit AeroSystems Holdings makes up approximately 9.09% of Aristotle Fund’s portfolio.

Other Hedge Funds, Including , Intrust Bank Na reduced its stake in SPR by selling 5,825 shares or 9.35% in the most recent quarter. The Hedge Fund company now holds 56,482 shares of SPR which is valued at $2,598,737. Spirit AeroSystems Holdings makes up approx 1.02% of Intrust Bank Na’s portfolio. New Jersey Better Educational Savings Trust added SPR to its portfolio by purchasing 18,000 company shares during the most recent quarter which is valued at $828,180. Spirit AeroSystems Holdings makes up approx 0.53% of New Jersey Better Educational Savings Trust’s portfolio. Tradelink Capital sold out all of its stake in SPR during the most recent quarter. The investment firm sold 6,659 shares of SPR which is valued $306,381.Acadian Asset Management boosted its stake in SPR in the latest quarter, The investment management firm added 60,752 additional shares and now holds a total of 125,184 shares of Spirit AeroSystems Holdings which is valued at $5,528,125. Spirit AeroSystems Holdings makes up approx 0.03% of Acadian Asset Management’s portfolio. Cutler Group Lp added SPR to its portfolio by purchasing 1,020 company shares during the most recent quarter which is valued at $44,635.

Spirit AeroSystems Holdings opened for trading at $43.6 and hit $43.99 on the upside on Monday, eventually ending the session at $43.85, with a gain of 0.74% or 0.32 points. The heightened volatility saw the trading volume jump to 13,47,624 shares. Company has a market cap of $5,805 M.

On the company’s financial health, Spirit AeroSystems Holdings reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.06. The company had revenue of $1829.90 million for the quarter, compared to analysts expectations of $1683.23 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Spirit AeroSystems Holdings. Spirit AeroSystems Holdings was Downgraded by Wells Fargo to ” Market Perform” on Jun 30, 2016. Spirit AeroSystems Holdings was Initiated by Morgan Stanley to “Overweight” on Jun 23, 2016. Spirit AeroSystems Holdings was Upgraded by Buckingham Research to ” Neutral” on Jun 9, 2016.

Spirit AeroSystems Holdings Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems Propulsion Systems and Wing Systems. Fuselage Systems segment develops produces and markets forward mid and rear fuselage sections and systems primarily to aircraft OEMs as well as related spares and maintenance repair and overhaul support and services (MRO). The Propulsion Systems segment develops produces and markets struts/pylons nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs as well as related spares and MRO services. The Wing Systems segment develops produces and markets forward wings and wing components (including flight control surfaces) and other miscellaneous structural parts primarily to aircraft OEMs as well as related spares and MRO services.

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