Fmr LLC Has $479.69 Million Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Fmr LLC reduced its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,755,080 shares of the aerospace company’s stock after selling 2,276,164 shares during the period. Fmr LLC owned about 12.66% of Spirit AeroSystems worth $479,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Spirit AeroSystems in the 2nd quarter valued at $30,000. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems during the third quarter valued at $32,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems during the third quarter valued at $49,000. Quarry LP boosted its stake in shares of Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 751 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 771 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Down 0.6 %

Shares of SPR stock opened at $32.32 on Friday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $25.16 and a 12 month high of $37.08. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -2.60 and a beta of 1.84. The stock has a 50-day moving average price of $32.09 and a 200 day moving average price of $32.77.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. Sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPR has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. StockNews.com initiated coverage on Spirit AeroSystems in a research report on Sunday, November 24th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.67.

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.