Assenagon Asset Management S.A. Sells 80,897 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Assenagon Asset Management S.A. trimmed its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 988,703 shares of the aerospace company’s stock after selling 80,897 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Spirit AeroSystems were worth $32,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after purchasing an additional 109,632 shares during the period. Allspring Global Investments Holdings LLC grew its position in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares during the period. Earnest Partners LLC increased its holdings in Spirit AeroSystems by 2.6% during the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after buying an additional 105,350 shares during the last quarter. Principal Financial Group Inc. raised its position in Spirit AeroSystems by 30.9% in the first quarter. Principal Financial Group Inc. now owns 9,959 shares of the aerospace company’s stock worth $359,000 after acquiring an additional 2,348 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Spirit AeroSystems in the first quarter valued at about $5,078,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Down 0.7 %

NYSE:SPR opened at $31.44 on Friday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $20.98 and a twelve month high of $37.08. The stock has a market cap of $3.66 billion, a P/E ratio of -3.62 and a beta of 1.85. The business’s 50-day moving average price is $33.17 and its two-hundred day moving average price is $32.92.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -4.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPR shares. Citigroup reaffirmed a “neutral” rating and issued a $37.25 price target (down previously from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. UBS Group increased their price target on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Robert W. Baird restated a “neutral” rating and set a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a research note on Friday, July 12th. Stifel Nicolaus lifted their price objective on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a research note on Monday, July 8th. Finally, Baird R W downgraded Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Spirit AeroSystems has a consensus rating of “Hold” and an average price target of $35.54.

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.