Victory Capital Management Inc. Sells 353 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Victory Capital Management Inc. trimmed its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,326 shares of the aerospace company’s stock after selling 353 shares during the period. Victory Capital Management Inc.’s holdings in Spirit AeroSystems were worth $488,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Spirit AeroSystems by 59.2% in the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock worth $3,872,000 after purchasing an additional 44,282 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Spirit AeroSystems by 32.0% in 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 during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $520,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $32,000. Finally, Oak Family Advisors LLC bought a new position in Spirit AeroSystems during the fourth quarter worth about $999,000. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Price Performance

SPR opened at $35.51 on Friday. The business’s 50-day moving average price is $34.12 and its two-hundred day moving average price is $33.15. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.92 and a 1 year high of $37.08. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.77.

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

Analyst Upgrades and Downgrades

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

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.