Alliancebernstein L.P. Has $1.28 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Alliancebernstein L.P. trimmed its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,600 shares of the aerospace company’s stock after selling 14,991 shares during the period. Alliancebernstein L.P.’s holdings in Spirit AeroSystems were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. R Squared Ltd bought a new position in shares of Spirit AeroSystems during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at approximately $32,000. KBC Group NV increased its stake in shares of Spirit AeroSystems by 24.4% in the 4th quarter. KBC Group NV now owns 5,733 shares of the aerospace company’s stock valued at $195,000 after purchasing an additional 1,126 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after buying an additional 1,390 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Spirit AeroSystems by 0.7% in the fourth quarter. Swiss National Bank now owns 229,300 shares of the aerospace company’s stock valued at $7,815,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 0.7 %

Shares of Spirit AeroSystems stock opened at $33.47 on Friday. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.08. The business has a 50 day moving average price of $33.62 and a 200-day moving average price of $33.13. The company has a market cap of $3.91 billion, a PE ratio of -2.70 and a beta of 1.41.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SPR shares. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com initiated coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Spirit AeroSystems has an average rating of “Hold” and a consensus target price of $36.56.

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.