Retirement Planning Co of New England Inc. Reduces Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Retirement Planning Co of New England Inc. lessened its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,084 shares of the aerospace company’s stock after selling 2,316 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Spirit AeroSystems were worth $1,434,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in shares of Spirit AeroSystems by 59.2% during 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. grew its holdings in shares of Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after purchasing an additional 112,286 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Spirit AeroSystems during the third quarter worth about $77,296,000. Proficio Capital Partners LLC purchased a new position in shares of Spirit AeroSystems during the fourth quarter worth about $520,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 0.6 %

NYSE SPR opened at $33.64 on Tuesday. The firm has a market cap of $3.93 billion, a P/E ratio of -2.71 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.92 and a 52-week high of $37.08. The business’s 50-day moving average price is $34.05 and its 200 day moving average price is $33.13.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPR. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating on the stock. Fifteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

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.