Valueworks LLC Cuts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Valueworks LLC reduced its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 231,690 shares of the aerospace company’s stock after selling 8,415 shares during the period. Spirit AeroSystems accounts for about 2.6% of Valueworks LLC’s portfolio, making the stock its 19th biggest position. Valueworks LLC’s holdings in Spirit AeroSystems were worth $7,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Spirit AeroSystems by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock worth $368,142,000 after acquiring an additional 203,549 shares during the period. Pentwater Capital Management LP lifted its position in Spirit AeroSystems by 1.3% during the 4th quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock worth $314,218,000 after acquiring an additional 120,000 shares during the period. National Bank of Canada FI lifted its position in Spirit AeroSystems by 47.2% during the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock worth $125,453,000 after acquiring an additional 1,181,147 shares during the period. Norges Bank acquired a new stake in Spirit AeroSystems during the 4th quarter worth about $105,879,000. Finally, Alpine Associates Management Inc. lifted its position in Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after acquiring an additional 714,984 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Down 0.6%

Shares of Spirit AeroSystems stock opened at $37.60 on Tuesday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.88. The business has a 50-day moving average price of $34.47 and a 200 day moving average price of $33.71. The firm has a market cap of $4.41 billion, a PE ratio of -3.03 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data 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 business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted ($3.93) EPS. The company’s quarterly revenue was down 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Analysts Set New Price Targets

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

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.