UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,486 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.5% during the 3rd quarter, Holdings Channel reports. The fund owned 210,813 shares of the aerospace company’s stock after selling 5,486 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Spirit AeroSystems were worth $6,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of SPR. Comerica Bank increased its holdings in shares of Spirit AeroSystems by 47.9% during the first quarter. Comerica Bank now owns 6,929 shares of the aerospace company’s stock worth $250,000 after purchasing an additional 2,244 shares during the period. SG Americas Securities LLC bought a new position in shares of Spirit AeroSystems during the second quarter worth approximately $1,211,000. Assenagon Asset Management S.A. increased its holdings in shares of Spirit AeroSystems by 405.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company’s stock worth $35,158,000 after purchasing an additional 858,162 shares during the period. Blue Trust Inc. increased its holdings in shares of Spirit AeroSystems by 27.5% during the second quarter. Blue Trust Inc. now owns 7,146 shares of the aerospace company’s stock worth $258,000 after purchasing an additional 1,542 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Spirit AeroSystems by 40.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,925 shares of the aerospace company’s stock worth $491,000 after purchasing an additional 4,336 shares during the period. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock opened at $32.11 on Tuesday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The firm has a market capitalization of $3.75 billion, a P/E ratio of -2.58 and a beta of 1.82. The company’s 50 day moving average price is $32.01 and its two-hundred day moving average price is $32.88.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Tuesday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.67.

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.