Spirit Aerosystems Holdings, Inc. $SPR Holdings Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 19.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,609 shares of the aerospace company’s stock after selling 2,512 shares during the period. Advisors Asset Management Inc.’s holdings in Spirit Aerosystems were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. TIG Advisors LLC grew its position in Spirit Aerosystems by 18.3% in the 1st quarter. TIG Advisors LLC now owns 2,057,216 shares of the aerospace company’s stock worth $70,892,000 after purchasing an additional 318,122 shares during the last quarter. Magnetar Financial LLC grew its position in Spirit Aerosystems by 19.1% in the 1st quarter. Magnetar Financial LLC now owns 1,067,468 shares of the aerospace company’s stock worth $36,785,000 after purchasing an additional 171,561 shares during the last quarter. Royal Bank of Canada grew its position in Spirit Aerosystems by 56.6% in the 1st quarter. Royal Bank of Canada now owns 1,032,014 shares of the aerospace company’s stock worth $35,563,000 after purchasing an additional 372,931 shares during the last quarter. SG Americas Securities LLC grew its position in Spirit Aerosystems by 195.6% in the 1st quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company’s stock worth $33,182,000 after purchasing an additional 637,110 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of Spirit Aerosystems by 28.2% in the 1st quarter. Bank of Nova Scotia now owns 846,000 shares of the aerospace company’s stock worth $29,153,000 after acquiring an additional 186,000 shares during the period. Institutional investors own 93.59% of the company’s stock.

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR opened at $39.36 on Friday. The company has a market cap of $4.62 billion, a PE ratio of -1.97 and a beta of 1.74. 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 $40.37 and a 200 day simple moving average of $37.14.

Spirit Aerosystems (NYSE:SPR) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.82 billion. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.73) EPS. On average, equities analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPR shares. Susquehanna increased their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Spirit Aerosystems has a consensus rating of “Moderate Buy” and a consensus target price of $38.63.

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.