Blue Trust Inc. Lowers Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Blue Trust Inc. cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 80.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,771 shares of the aerospace company’s stock after selling 7,354 shares during the period. Blue Trust Inc.’s holdings in Spirit AeroSystems were worth $60,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC increased its position in Spirit AeroSystems by 59.2% in the third 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Spirit AeroSystems by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after purchasing an additional 112,286 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter worth $77,296,000. International Assets Investment Management LLC lifted its position in Spirit AeroSystems by 180,792.9% during the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after acquiring an additional 25,311 shares during the last quarter. Finally, Oak Family Advisors LLC acquired a new stake in Spirit AeroSystems in the fourth quarter worth about $999,000. Institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SPR. StockNews.com started coverage on Spirit AeroSystems in a report on Thursday, February 20th. They issued a “sell” rating on the stock. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Price Performance

NYSE SPR opened at $34.05 on Tuesday. The company has a market cap of $3.98 billion, a P/E ratio of -2.74 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a 1-year low of $28.30 and a 1-year high of $37.08. The stock has a 50-day moving average of $34.01 and a two-hundred day moving average of $33.24.

Spirit AeroSystems 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.