Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,341,403 shares of the aerospace company’s stock after selling 86,408 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.15% of Spirit AeroSystems worth $43,609,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pentwater Capital Management LP boosted its holdings in shares of Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after buying an additional 9,066,000 shares during the period. Alpine Associates Management Inc. bought a new position in Spirit AeroSystems in the third quarter worth about $77,296,000. Appian Way Asset Management LP bought a new position in shares of Spirit AeroSystems during the second quarter valued at approximately $39,969,000. Assenagon Asset Management S.A. grew its holdings in shares of Spirit AeroSystems by 405.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company’s stock valued at $35,158,000 after purchasing an additional 858,162 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter worth approximately $16,817,000. Institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SPR. StockNews.com initiated coverage on Spirit AeroSystems in a research note on Monday. They set a “sell” rating for the company. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Stock Down 0.5 %

Shares of SPR opened at $32.36 on Monday. The firm has a market capitalization of $3.78 billion, a PE ratio of -2.61 and a beta of 1.84. The firm has a 50-day moving average price of $32.08 and a 200 day moving average price of $32.80. Spirit AeroSystems Holdings, Inc. has a 52-week low of $25.16 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current year.

Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.