Wellington Management Group LLP Has $14.69 Million Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Wellington Management Group LLP grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 451,728 shares of the aerospace company’s stock after acquiring an additional 3,424 shares during the period. Wellington Management Group LLP owned 0.39% of Spirit AeroSystems worth $14,686,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in Spirit AeroSystems by 59.2% in the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock worth $3,872,000 after purchasing an additional 44,282 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Spirit AeroSystems during the third quarter worth about $77,296,000. International Assets Investment Management LLC increased its stake in shares of Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after buying an additional 25,311 shares during the period. Earnest Partners LLC raised its holdings in Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after buying an additional 105,350 shares during the last quarter. Finally, Sand Grove Capital Management LLP acquired a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $14,099,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 1.5 %

NYSE:SPR opened at $32.97 on Friday. The firm has a market capitalization of $3.85 billion, a P/E ratio of -2.65 and a beta of 1.82. Spirit AeroSystems Holdings, Inc. has a twelve month low of $25.16 and a twelve month high of $37.08. The company has a fifty day moving average of $32.02 and a 200-day moving average of $32.92.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPR. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Tuesday, December 10th. They set a “sell” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.