Brevan Howard Capital Management LP Reduces Position in Spirit Aerosystems Holdings, Inc. $SPR

Brevan Howard Capital Management LP trimmed its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 27.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,324 shares of the aerospace company’s stock after selling 122,092 shares during the period. Brevan Howard Capital Management LP owned 0.27% of Spirit Aerosystems worth $12,352,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings in Spirit Aerosystems by 33,966.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 1,019 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Spirit Aerosystems by 48.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company’s stock valued at $39,000 after buying an additional 334 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Spirit Aerosystems during the 2nd quarter valued at approximately $207,000. Russell Investments Group Ltd. increased its holdings in Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company’s stock worth $209,000 after acquiring an additional 1,967 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Spirit Aerosystems during the 1st quarter worth approximately $211,000. 93.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SPR has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.63.

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR opened at $39.44 on Friday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -1.78 and a beta of 1.11. The firm has a fifty day moving average price of $37.60 and a 200 day moving average price of $38.68. Spirit Aerosystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.33.

Spirit Aerosystems (NYSE:SPR) last announced its quarterly earnings results on Friday, October 31st. The aerospace company reported ($4.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($4.50). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company posted ($3.03) EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict 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.