Advisors Asset Management Inc. Sells 777 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Advisors Asset Management Inc. lessened its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,918 shares of the aerospace company’s stock after selling 777 shares during the quarter. Advisors Asset Management Inc.’s holdings in Spirit AeroSystems were worth $452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Spirit AeroSystems by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 332 shares during the period. Ensign Peak Advisors Inc boosted its position in Spirit AeroSystems by 1.4% during the second quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock worth $1,166,000 after purchasing an additional 500 shares during the period. Inspire Investing LLC lifted its holdings in shares of Spirit AeroSystems by 6.4% in the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock worth $351,000 after buying an additional 643 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Spirit AeroSystems by 2.3% in the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock worth $1,069,000 after buying an additional 724 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after buying an additional 751 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Sunday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Spirit AeroSystems presently has a consensus rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Stock Performance

SPR stock opened at $32.52 on Thursday. The company has a market capitalization of $3.80 billion, a PE ratio of -2.62 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08. The company’s 50 day moving average price is $32.11 and its two-hundred day moving average price is $32.77.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. On average, research analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current 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.