Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 19.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,747 shares of the aerospace company’s stock after selling 9,055 shares during the period. Commonwealth Equity Services LLC’s holdings in Spirit AeroSystems were worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. grew its stake in Spirit AeroSystems by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 15,486 shares of the aerospace company’s stock valued at $492,000 after acquiring an additional 4,031 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Spirit AeroSystems by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 806,414 shares of the aerospace company’s stock valued at $25,628,000 after purchasing an additional 43,777 shares during the period. Principal Securities Inc. purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth about $26,000. Norges Bank acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth about $62,432,000. Finally, Trexquant Investment LP purchased a new position in Spirit AeroSystems in the 4th quarter valued at about $5,278,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Trading Down 1.3 %

NYSE SPR opened at $33.27 on Monday. The stock has a market cap of $3.88 billion, a PE ratio of -3.83 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $37.08. The stock has a fifty day simple moving average of $34.59 and a 200-day simple moving average of $33.24.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the company posted ($1.46) EPS. Spirit AeroSystems’s revenue was up 9.3% on a year-over-year basis. Research analysts predict that Spirit AeroSystems Holdings, Inc. will post -4.21 EPS for the current year.

Analyst Upgrades and Downgrades

SPR has been the subject of several research reports. UBS Group boosted their price objective on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Baird R W downgraded Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Citigroup reaffirmed a “neutral” rating and set a $37.25 target price (down previously from $39.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $37.25 target price (up from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Spirit AeroSystems in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.38.

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.