First Manhattan CO. LLC. Decreases Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

First Manhattan CO. LLC. lessened its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,181 shares of the aerospace company’s stock after selling 10,441 shares during the period. First Manhattan CO. LLC.’s holdings in Spirit AeroSystems were worth $7,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Caxton Associates LP raised its stake in shares of Spirit AeroSystems by 113.9% during the 4th quarter. Caxton Associates LP now owns 51,607 shares of the aerospace company’s stock worth $1,759,000 after acquiring an additional 27,480 shares in the last quarter. Anson Funds Management LP acquired a new position in shares of Spirit AeroSystems during the fourth quarter worth $554,000. AQR Arbitrage LLC lifted its holdings in shares of Spirit AeroSystems by 55.5% during the 4th quarter. AQR Arbitrage LLC now owns 628,781 shares of the aerospace company’s stock valued at $21,391,000 after purchasing an additional 224,405 shares during the last quarter. Appian Way Asset Management LP boosted its position in shares of Spirit AeroSystems by 129.0% in the 4th quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company’s stock worth $38,562,000 after purchasing an additional 637,451 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in Spirit AeroSystems by 17.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 47,300 shares of the aerospace company’s stock worth $1,612,000 after buying an additional 6,979 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $36.68 on Friday. The firm’s fifty day moving average is $33.96 and its two-hundred day moving average is $33.48. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of -2.95 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted 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 company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.74 billion. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the business posted ($3.93) earnings per share. As a group, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.