Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,772,858 shares of the aerospace company’s stock after selling 68,858 shares during the quarter. Geode Capital Management LLC owned 1.52% of Spirit AeroSystems worth $57,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPR. Bank of New York Mellon Corp grew its position in shares of Spirit AeroSystems by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 364,644 shares of the aerospace company’s stock worth $11,986,000 after buying an additional 24,167 shares in the last quarter. V2 Financial group LLC increased its position in shares of Spirit AeroSystems by 54.1% in the 2nd quarter. V2 Financial group LLC now owns 11,582 shares of the aerospace company’s stock valued at $411,000 after purchasing an additional 4,067 shares during the last quarter. Pentwater Capital Management LP raised its holdings in shares of Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after purchasing an additional 9,066,000 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Spirit AeroSystems by 13.3% during the 2nd quarter. Natixis Advisors LLC now owns 188,222 shares of the aerospace company’s stock worth $6,187,000 after purchasing an additional 22,093 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Spirit AeroSystems by 8.2% during the second quarter. Rhumbline Advisers now owns 128,569 shares of the aerospace company’s stock worth $4,226,000 after purchasing an additional 9,757 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SPR has been the topic of several recent analyst reports. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Wednesday, December 18th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock opened at $33.26 on Monday. The company has a market cap of $3.89 billion, a P/E ratio of -2.68 and a beta of 1.82. The firm has a fifty day moving average of $32.16 and a two-hundred day moving average of $33.01. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08.

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

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.