Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP lowered its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 50.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,409 shares of the aerospace company’s stock after selling 34,997 shares during the quarter. Readystate Asset Management LP’s holdings in Spirit AeroSystems were worth $1,094,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPR. Vanguard Group Inc. increased its position in Spirit AeroSystems by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company’s stock worth $344,649,000 after purchasing an additional 876,673 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Spirit AeroSystems by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,077,397 shares of the aerospace company’s stock worth $244,384,000 after purchasing an additional 93,707 shares in the last quarter. Alliancebernstein L.P. increased its position in Spirit AeroSystems by 20.1% during the 4th quarter. Alliancebernstein L.P. now owns 6,695,378 shares of the aerospace company’s stock worth $198,183,000 after purchasing an additional 1,122,570 shares in the last quarter. BlackRock Inc. increased its position in Spirit AeroSystems by 4.8% during the 1st quarter. BlackRock Inc. now owns 6,222,548 shares of the aerospace company’s stock worth $214,865,000 after purchasing an additional 286,582 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in Spirit AeroSystems by 5.0% in the 3rd quarter. Earnest Partners LLC now owns 4,401,341 shares of the aerospace company’s stock valued at $71,038,000 after buying an additional 209,531 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. TD Cowen raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and upped their target price for the company from $27.00 to $35.00 in a research report on Thursday, February 8th. Citigroup began coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “buy” rating and a $39.00 price objective for the company. Morgan Stanley lowered their price objective on Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus increased their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Spirit AeroSystems has a consensus rating of “Hold” and an average target price of $31.39.

Spirit AeroSystems Stock Down 0.7 %

Shares of NYSE SPR traded down $0.22 during mid-day trading on Thursday, hitting $33.15. 2,245,093 shares of the company traded hands, compared to its average volume of 4,049,604. Spirit AeroSystems Holdings, Inc. has a 1 year low of $14.65 and a 1 year high of $36.34. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -5.47, a PEG ratio of 13.63 and a beta of 1.77. The business has a 50 day moving average of $32.73 and a two-hundred day moving average of $28.15.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.84). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. The company’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the prior year, the company posted ($1.46) earnings per share. As a group, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 0.29 EPS for the current year.

Spirit AeroSystems Company 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.