Man Group plc Has $41.86 Million Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Man Group plc lowered its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,228,409 shares of the aerospace company’s stock after selling 96,473 shares during the period. Man Group plc’s holdings in Spirit AeroSystems were worth $41,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $32,000. Headlands Technologies LLC bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $67,000. Byrne Asset Management LLC lifted 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 buying an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

SPR has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.56.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $37.20 on Thursday. The stock has a fifty day moving average of $34.18 and a 200-day moving average of $33.59. The stock has a market capitalization of $4.36 billion, a P/E ratio of -3.00 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.86.

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