Inspire Investing LLC Has $342,000 Position in Spirit Aerosystems Holdings, Inc. $SPR

Inspire Investing LLC reduced its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,918 shares of the aerospace company’s stock after selling 1,946 shares during the period. Inspire Investing LLC’s holdings in Spirit Aerosystems were worth $342,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in shares of Spirit Aerosystems by 78.1% during the 4th quarter. Quantinno Capital Management LP now owns 30,679 shares of the aerospace company’s stock worth $1,046,000 after purchasing an additional 13,450 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Spirit Aerosystems by 10.0% during the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 703 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Spirit Aerosystems by 5.0% during the 4th quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 1,418 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Spirit Aerosystems by 28.7% during the 4th quarter. Royal Bank of Canada now owns 659,083 shares of the aerospace company’s stock worth $22,461,000 after purchasing an additional 147,129 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Spirit Aerosystems by 22.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 258,169 shares of the aerospace company’s stock worth $8,798,000 after purchasing an additional 47,356 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities 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 stock a “neutral” rating in a research report on Monday, July 14th. Zacks Research raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.63.

Spirit Aerosystems Stock Down 0.1%

Spirit Aerosystems stock opened at $38.58 on Thursday. Spirit Aerosystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.33. The company’s 50 day moving average price is $40.38 and its two-hundred day moving average price is $37.26. The stock has a market cap of $4.53 billion, a P/E ratio of -1.93 and a beta of 1.74.

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

Spirit Aerosystems 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.