Algert Global LLC Sells 22,151 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Algert Global LLC trimmed its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 65.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,702 shares of the aerospace company’s stock after selling 22,151 shares during the period. Algert Global LLC’s holdings in Spirit AeroSystems were worth $385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPR. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Spirit AeroSystems during the first quarter valued at $25,000. Byrne Asset Management LLC purchased a new position in shares of Spirit AeroSystems during the 2nd quarter valued at about $30,000. Riverview Trust Co bought a new position in shares of Spirit AeroSystems during the 1st quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC raised its stake in Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 724 shares during the period. Finally, Manchester Capital Management LLC boosted its position in shares of Spirit AeroSystems by 586.2% in the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,659 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SPR shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. Susquehanna reiterated a “neutral” rating and issued a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $37.00 price objective (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. Citigroup reissued a “neutral” rating and set a $37.25 target price (down from $39.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Finally, StockNews.com assumed coverage on Spirit AeroSystems in a report on Monday. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.73.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR opened at $32.47 on Tuesday. The firm has a market cap of $3.78 billion, a PE ratio of -3.74 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a one year low of $16.14 and a one year high of $37.08. The firm has a fifty day moving average of $33.87 and a 200 day moving average of $33.18.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.57 billion. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.46) EPS. On average, equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -5.57 EPS for the current fiscal 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.