Deutsche Bank AG Sells 1,139,541 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Deutsche Bank AG reduced its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 99.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,777 shares of the aerospace company’s stock after selling 1,139,541 shares during the quarter. Deutsche Bank AG’s holdings in Spirit AeroSystems were worth $197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Spirit AeroSystems by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock worth $368,142,000 after purchasing an additional 203,549 shares during the last quarter. Pentwater Capital Management LP lifted its holdings in Spirit AeroSystems by 1.3% in the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock worth $314,218,000 after buying an additional 120,000 shares during the period. National Bank of Canada FI lifted its holdings in Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock worth $125,453,000 after buying an additional 1,181,147 shares during the period. Norges Bank purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $105,879,000. Finally, Alpine Associates Management Inc. lifted its holdings in Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after buying an additional 714,984 shares during the period. 93.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPR has been the subject of several recent research reports. Wall Street Zen initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.56.

Spirit AeroSystems Trading Up 1.3%

NYSE:SPR opened at $37.85 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $38.33. The company has a market cap of $4.44 billion, a PE ratio of -3.05 and a beta of 1.63. The company has a 50 day simple moving average of $35.02 and a two-hundred day simple moving average of $34.14.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Spirit AeroSystems’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period last year, the firm posted ($3.93) earnings per share. Research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

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.