Advisors Asset Management Inc. Has $366,000 Position in Spirit Aerosystems Holdings, Inc. $SPR

Advisors Asset Management Inc. reduced its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 19.1% during the 1st quarter, HoldingsChannel reports. The fund owned 10,609 shares of the aerospace company’s stock after selling 2,512 shares during the period. Advisors Asset Management Inc.’s holdings in Spirit Aerosystems were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. ProShare Advisors LLC grew its holdings in shares of Spirit Aerosystems by 10.0% during the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company’s stock valued at $263,000 after acquiring an additional 703 shares in the last quarter. KBC Group NV grew its holdings in shares of Spirit Aerosystems by 23.1% during the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company’s stock valued at $243,000 after acquiring an additional 1,322 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Spirit Aerosystems by 5.0% during the 4th quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company’s stock valued at $1,020,000 after acquiring an additional 1,418 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Spirit Aerosystems by 4.3% during the 1st quarter. M&T Bank Corp now owns 36,883 shares of the aerospace company’s stock valued at $1,271,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Spirit Aerosystems by 5.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,850 shares of the aerospace company’s stock valued at $1,098,000 after acquiring an additional 1,619 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Trading Down 3.0%

Spirit Aerosystems stock opened at $39.36 on Friday. The company has a market capitalization of $4.62 billion, a P/E ratio of -1.97 and a beta of 1.74. The firm’s fifty day simple moving average is $40.37 and its 200-day simple moving average is $37.14. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33.

Spirit Aerosystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($2.82). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned ($2.73) EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Susquehanna boosted their price target on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Spirit Aerosystems has an average rating of “Moderate Buy” and a consensus price target of $38.63.

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.