Spirit Aerosystems Holdings (NYSE:SPR).
Raymond James & Associates bought 19,259 shares in the previous quarter increasing its exposure to Spirit Aerosystems Holdings by 8.4%. Its investment was worth $19,262,000 an increase of 45.4% as of the end of the quarter.
These firms have modified their investment in SPR. As of quarter end Ubs Asset Management Americas Inc had acquired a total of 1,326 shares growing its stake by 2,071.9%. The value of the investment in (SPR) went from $3,708,000 to $108,031,000 increasing 2,813.5% since the last quarter. Oppenheimerfunds, Inc. cut its position by shedding 739,568 shares a decrease of 34.6% from 06/30/2017 to 09/30/2017. Oppenheimerfunds, Inc. controls 1,396,306 shares with a value of $108,521,000. The total value of its holdings decreased 12.3%.
Lsv Asset Management grew its investment by buying 784,284 shares an increase of 22.6% in the quarter. Lsv Asset Management claims 4,252,899 shares worth $330,535,000. The value of the position overall is up by 64.5%.
On November 7, 2017 Berenberg Bank released research on SPR with a rating of “Buy”. Credit Suisse Group raised the price target on November 2 changing the forecast from $88.00 to $97.00 with a rating of “Outperform”.
November 2 investment analysts at Sanford C. Bernstein left the company rating at “In-Line” projecting a price of $98.00. On November 2 Wells Fargo & Company kept the stock rating at “Market Perform” targeting a price of $85.00.
On October 31 Canaccord Genuity made no change to the company rating of “Buy” with a current price target of $86.00. On October 9 Citigroup maintained a stock rating of “Buy” targeting a price of $91.00.
The company is down since yesterday’s close of 80.85. The company’s P/E ratio is 28.14 and market cap is 9.25B. In the latest earnings report the EPS was $2.84 with 115.62M shares currently outstanding.
Investors are more bearish recently if you look at the motion in short interest. The company experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 2.71%. Short interest grew from 4,075,035 to 4,185,389 over that timeframe. With short interest at 4,185,389 and short average daily volume at 809,324, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.04% on October 13.