Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC decreased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 54,742 shares of the aerospace company’s stock after selling 953 shares during the quarter. Pathstone Holdings LLC’s holdings in Spirit AeroSystems were worth $1,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Spirit AeroSystems during the second quarter worth $30,000. Waldron Private Wealth LLC purchased a new position in shares of Spirit AeroSystems during the third quarter worth $32,000. Quest Partners LLC purchased a new position in shares of Spirit AeroSystems during the third quarter worth $49,000. Quarry LP boosted its position in shares of Spirit AeroSystems by 49.0% during 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 during the period. Finally, KBC Group NV boosted its position in shares of Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after buying an additional 771 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

Shares of SPR opened at $32.52 on Thursday. The stock has a fifty day moving average of $32.11 and a two-hundred day moving average of $32.77. 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 fifty-two week low of $25.16 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPR has been the subject of several research analyst reports. StockNews.com initiated coverage on Spirit AeroSystems in a research report on Sunday. They set a “sell” rating for the company. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.67.

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.