Commonwealth Equity Services LLC Has $754,000 Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Commonwealth Equity Services LLC trimmed its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,125 shares of the aerospace company’s stock after selling 2,191 shares during the period. Commonwealth Equity Services LLC’s holdings in Spirit AeroSystems were worth $754,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $32,000. Byrne Asset Management LLC lifted its stake in Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the period. Vestcor Inc bought a new position in Spirit AeroSystems during the fourth quarter worth about $97,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth about $149,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a “hold” rating for the company. Finally, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Fifteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Price Performance

Shares of SPR opened at $34.15 on Thursday. The firm has a 50 day simple moving average of $34.27 and a two-hundred day simple moving average of $33.23. Spirit AeroSystems Holdings, Inc. has a one year low of $28.92 and a one year high of $37.08. The company has a market cap of $3.99 billion, a P/E ratio of -2.75 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share 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.