Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Stock Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 36.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,354 shares of the aerospace company’s stock after selling 13,499 shares during the period. SG Americas Securities LLC’s holdings in Spirit AeroSystems were worth $759,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPR. Sanctuary Advisors LLC bought a new stake in shares of Spirit AeroSystems in the 2nd quarter worth approximately $924,000. Quarry LP lifted its holdings in shares of Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares during the last quarter. Creative Planning lifted its holdings in shares of Spirit AeroSystems by 41.0% in the 2nd quarter. Creative Planning now owns 99,014 shares of the aerospace company’s stock worth $3,255,000 after purchasing an additional 28,775 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Spirit AeroSystems by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 332 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Spirit AeroSystems in the 2nd quarter worth approximately $348,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Price Performance

NYSE SPR opened at $31.46 on Friday. The company has a 50 day simple moving average of $33.56 and a 200-day simple moving average of $33.10. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -3.06 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a 52-week low of $16.36 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.57 billion. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.46) earnings per share. On average, analysts predict that Spirit AeroSystems Holdings, Inc. will post -4.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPR. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research note on Monday, July 8th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. StockNews.com began coverage on Spirit AeroSystems in a research note on Monday, October 7th. They set a “sell” rating on the stock. Baird R W downgraded Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Truist Financial lifted their target price on Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.73.

About Spirit AeroSystems

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.