Signpost Capital Advisors Lp buys $11.5 Million stake in Spirit AeroSystems Holdings (SPR)

Spirit AeroSystems Holdings (SPR) : Signpost Capital Advisors Lp scooped up 20,576 additional shares in Spirit AeroSystems Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 246,397 shares of Spirit AeroSystems Holdings which is valued at $11.5 Million.Spirit AeroSystems Holdings makes up approximately 8.42% of Signpost Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in SPR during the most recent quarter. The investment firm sold 41,100 shares of SPR which is valued $1.9 Million.Blackrock Investment Management reduced its stake in SPR by selling 19,936 shares or 28.81% in the most recent quarter. The Hedge Fund company now holds 49,266 shares of SPR which is valued at $2.3 Million. Archford Capital Strategies sold out all of its stake in SPR during the most recent quarter. The investment firm sold 15 shares of SPR which is valued $700.Norges Bank boosted its stake in SPR in the latest quarter, The investment management firm added 152,801 additional shares and now holds a total of 1,200,001 shares of Spirit AeroSystems Holdings which is valued at $56 Million. Spirit AeroSystems Holdings makes up approx 0.03% of Norges Bank’s portfolio.Intrust Bank Na boosted its stake in SPR in the latest quarter, The investment management firm added 10,950 additional shares and now holds a total of 62,307 shares of Spirit AeroSystems Holdings which is valued at $2.9 Million. Spirit AeroSystems Holdings makes up approx 1.05% of Intrust Bank Na’s portfolio.

Spirit AeroSystems Holdings opened for trading at $45.97 and hit $46.18 on the upside on Wednesday, eventually ending the session at $46.1, with a gain of 0.44% or 0.2 points. The heightened volatility saw the trading volume jump to 11,87,308 shares. Company has a market cap of $6,103 M.

On the company’s financial health, Spirit AeroSystems Holdings reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.07. The company had revenue of $1682.00 million for the quarter, compared to analysts expectations of $1687.64 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Spirit AeroSystems Holdings. Spirit AeroSystems Holdings was Downgraded by BofA/Merrill to ” Neutral” on Apr 20, 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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