Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 227,800 shares of the aerospace company’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Spirit AeroSystems were worth $7,406,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPR. Pentwater Capital Management LP raised its holdings in 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 acquiring an additional 9,066,000 shares during the last quarter. Appian Way Asset Management LP acquired a new stake in shares of Spirit AeroSystems during the 2nd quarter worth $39,969,000. Assenagon Asset Management S.A. increased its holdings in shares of Spirit AeroSystems by 405.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company’s stock worth $35,158,000 after buying an additional 858,162 shares during the last quarter. ING Groep NV acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter worth $16,817,000. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of Spirit AeroSystems during the 2nd quarter worth $16,231,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

NYSE:SPR opened at $32.61 on Tuesday. The firm has a 50-day moving average of $32.12 and a two-hundred day moving average of $32.76. The stock has a market cap of $3.81 billion, a P/E ratio of -2.63 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 1-year low of $25.16 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on SPR. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com began coverage on Spirit AeroSystems in a report on Sunday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.67.

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.