Spirit Aerosystems Holdings, Inc. $SPR Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,070,873 shares of the aerospace company’s stock after selling 214,916 shares during the period. Charles Schwab Investment Management Inc. owned about 0.91% of Spirit Aerosystems worth $36,902,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Pentwater Capital Management LP raised its position in Spirit Aerosystems by 1.3% during the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock worth $314,218,000 after acquiring an additional 120,000 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Spirit Aerosystems by 6.2% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company’s stock valued at $100,605,000 after buying an additional 171,935 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Spirit Aerosystems by 73.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company’s stock valued at $83,114,000 after buying an additional 1,029,989 shares during the last quarter. TIG Advisors LLC raised its position in shares of Spirit Aerosystems by 66.8% in the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company’s stock valued at $59,268,000 after buying an additional 696,533 shares during the last quarter. Finally, Appian Way Asset Management LP raised its position in shares of Spirit Aerosystems by 129.0% in the fourth quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company’s stock valued at $38,562,000 after buying an additional 637,451 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit Aerosystems Stock Down 1.1%

Shares of NYSE SPR opened at $40.64 on Tuesday. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33. The firm has a 50-day simple moving average of $39.16 and a 200-day simple moving average of $36.37. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of -2.03 and a beta of 1.70.

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

Analysts Set New Price Targets

SPR has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna increased their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, July 14th.

About Spirit Aerosystems

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.