Should You Invest in Spirit AeroSystems Holdings (SPR) Now?

Aristotle Capital Management, LLC, an investment management company, released its “Aristotle Core Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -17.49% at NAV, underperforming the S&P 500 Index, which returned -16.10%. The underperformance of the fund was attributed to the stock selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Aristotle Capital discussed stocks like Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the second quarter 2022 investor letter. Headquartered in Wichita, Kansas, Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is a commercial aero structure manufacturer. On October 7, 2022, Spirit AeroSystems Holdings, Inc. (NYSE:SPR) stock closed at $24.68 per share. One-month return of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was -20.34% and its shares lost 48.04% of their value over the last 52 weeks. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has a market capitalization of $2.595 billion.

Here is what Aristotle Capital specifically said about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in its Q2 2022 investor letter:

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) published a disappointing first quarter earnings report during the second quarter. The company’s largest customer, Boeing, has not increased aircraft production to the extent that Spirit management was expecting. The company experienced headwinds from COVID-19, disrupted supply chains and inflation during the quarter. Although airlines are currently seeing strong demand for flights, sentiment for travel-related stocks turned negative in the second quarter as recession fears increased.”

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Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Spirit AeroSystems Holdings, Inc. (NYSE:SPR) at the end of the second quarter which was 52 in the previous quarter.

We discussed Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in another article and shared Aristotle Capital Management’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.