Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Woodline Partners LP

Woodline Partners LP decreased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 40.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 279,677 shares of the aerospace company’s stock after selling 193,867 shares during the period. Woodline Partners LP owned about 0.24% of Spirit AeroSystems worth $9,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $32,000. Headlands Technologies LLC purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $67,000. Byrne Asset Management LLC raised its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in Spirit AeroSystems during the 4th quarter valued at $97,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SPR shares. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Wall Street Zen started coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.56.

Spirit AeroSystems Price Performance

SPR opened at $37.22 on Friday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.88. The business has a 50-day moving average of $34.71 and a two-hundred day moving average of $33.79. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -3.00 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.74 billion. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period last year, the firm posted ($3.93) EPS. Equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share 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.