Charles Schwab Investment Management Inc. Has $43.82 Million Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Charles Schwab Investment Management Inc. trimmed its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,285,789 shares of the aerospace company’s stock after selling 55,614 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of Spirit AeroSystems worth $43,820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its holdings in Spirit AeroSystems by 59.2% during the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock worth $3,872,000 after acquiring an additional 44,282 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after purchasing an additional 112,286 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of Spirit AeroSystems during the 3rd quarter worth about $77,296,000. Proficio Capital Partners LLC bought a new position in shares of Spirit AeroSystems during the 4th quarter worth about $520,000. Finally, Oak Family Advisors LLC bought a new position in shares of Spirit AeroSystems during the 4th quarter worth about $999,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a “hold” rating on the stock. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fifteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Stock Up 0.8 %

Shares of SPR stock opened at $33.46 on Friday. The company has a 50 day moving average of $34.04 and a 200-day moving average of $33.16. Spirit AeroSystems Holdings, Inc. has a 12-month low of $28.92 and a 12-month high of $37.08. The firm has a market cap of $3.91 billion, a P/E ratio of -2.69 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

About Spirit AeroSystems

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.