Is Spirit AeroSystems Holdings, Inc. (SPR) A Good Stock To Buy?

Consequently, specific money managers have been driving this bullishness. Darsana Capital Partners, managed by Anand Desai, initiated the most valuable call position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Darsana Capital Partners had $36.3 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made a $12 million investment in the stock during the quarter. The other funds with brand new SPR positions are Siddharth Thacker’s Signpost Capital, Jacob Gottlieb’s Visium Asset Management, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Spirit AeroSystems Holdings, Inc. (NYSE:SPR) but similarly valued. We will take a look at Envision Healthcare Holdings Inc (NYSE:EVHC), Harman International Industries Inc./DE/ (NYSE:HAR), IDEXX Laboratories, Inc. (NASDAQ:IDXX), and KT Corporation (ADR) (NYSE:KT). This group of stocks’ market caps are closest to SPR’s market cap.

As you can see these stocks had an average of 23.5 hedge funds with bullish positions and the average amount invested in these stocks was $579 million. That figure was $2,778 million in SPR’s case. Envision Healthcare Holdings Inc (NYSE:EVHC) is the most popular stock in this table. On the other hand KT Corporation (ADR) (NYSE:KT) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.