D’orazio Associates buys $1,052,049 stake in Spirit AeroSystems Holdings (SPR)

Spirit AeroSystems Holdings (SPR) : D’orazio Associates scooped up 1,742 additional shares in Spirit AeroSystems Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 23,992 shares of Spirit AeroSystems Holdings which is valued at $1,052,049.Spirit AeroSystems Holdings makes up approximately 0.38% of D’orazio Associates’s portfolio.

Other Hedge Funds, Including , First Interstate Bank added SPR to its portfolio by purchasing 674 company shares during the most recent quarter which is valued at $29,845. Spirit AeroSystems Holdings makes up approx 0.01% of First Interstate Bank’s portfolio.Dupont Capital Management Corp boosted its stake in SPR in the latest quarter, The investment management firm added 20,294 additional shares and now holds a total of 159,494 shares of Spirit AeroSystems Holdings which is valued at $7,338,319. Spirit AeroSystems Holdings makes up approx 0.16% of Dupont Capital Management Corp’s portfolio.Lucus Advisors reduced its stake in SPR by selling 3,142 shares or 28.05% in the most recent quarter. The Hedge Fund company now holds 8,061 shares of SPR which is valued at $351,218. Spirit AeroSystems Holdings makes up approx 0.27% of Lucus Advisors’s portfolio.First Manhattan Co reduced its stake in SPR by selling 1,400 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 436,651 shares of SPR which is valued at $18,915,721. Spirit AeroSystems Holdings makes up approx 0.11% of First Manhattan Co’s portfolio.Quotient Investors reduced its stake in SPR by selling 33,604 shares or 48.42% in the most recent quarter. The Hedge Fund company now holds 35,800 shares of SPR which is valued at $1,566,608. Spirit AeroSystems Holdings makes up approx 0.72% of Quotient Investors’s portfolio.

Spirit AeroSystems Holdings opened for trading at $44.66 and hit $44.92 on the upside on Wednesday, eventually ending the session at $44.87, with a gain of 0.20% or 0.09 points. The heightened volatility saw the trading volume jump to 9,78,546 shares. Company has a market cap of $5,790 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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