Beverly Hills Private Wealth LLC Decreases Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Beverly Hills Private Wealth LLC cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPRFree Report) by 49.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,763 shares of the aerospace company’s stock after selling 13,656 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Spirit AeroSystems were worth $222,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in shares of Spirit AeroSystems in the third quarter worth $22,186,000. Northern Trust Corp raised its holdings in Spirit AeroSystems by 22.7% in the 2nd quarter. Northern Trust Corp now owns 1,158,587 shares of the aerospace company’s stock worth $33,819,000 after purchasing an additional 214,133 shares in the last quarter. Barclays PLC raised its holdings in Spirit AeroSystems by 1,458.1% in the 3rd quarter. Barclays PLC now owns 1,079,512 shares of the aerospace company’s stock worth $17,422,000 after purchasing an additional 1,010,226 shares in the last quarter. Pinnacle Associates Ltd. grew its position in shares of Spirit AeroSystems by 67.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 200,123 shares of the aerospace company’s stock worth $3,230,000 after buying an additional 80,833 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its position in shares of Spirit AeroSystems by 9.6% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,653,000 shares of the aerospace company’s stock worth $77,441,000 after buying an additional 232,000 shares during the period. 88.05% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Trading Up 3.0 %

Shares of Spirit AeroSystems stock opened at $29.13 on Friday. The company has a 50-day simple moving average of $28.86 and a two-hundred day simple moving average of $24.18. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $37.98.

Spirit AeroSystems (NYSE:SPRGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned ($1.46) EPS. The business’s revenue was up 37.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPR shares. KeyCorp started coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “sector weight” rating on the stock. Stifel Nicolaus raised their price target on shares of Spirit AeroSystems from $28.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday. TD Cowen raised shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $35.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and raised their price target for the company from $16.00 to $30.00 in a report on Thursday, October 19th. Finally, Citigroup began coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.72.

Check Out Our Latest Analysis on Spirit AeroSystems

Spirit AeroSystems Company Profile

(Free Report)

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, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems.

See Also

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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