Valueworks LLC Cuts Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Valueworks LLC lessened its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 231,690 shares of the aerospace company’s stock after selling 8,415 shares during the period. Spirit AeroSystems accounts for approximately 2.6% of Valueworks LLC’s holdings, making the stock its 19th biggest position. Valueworks LLC owned about 0.20% of Spirit AeroSystems worth $7,896,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SPR. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Spirit AeroSystems by 161.8% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company’s stock valued at $12,080,000 after purchasing an additional 219,057 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $520,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $32,000. Oak Family Advisors LLC bought a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $999,000. Finally, Spectrum Financial Alliance Ltd LLC bought a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $2,270,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPR. StockNews.com began coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.56.

Spirit AeroSystems Stock Performance

Shares of NYSE:SPR opened at $37.60 on Tuesday. The firm has a market cap of $4.41 billion, a PE ratio of -3.03 and a beta of 1.63. The firm’s 50 day simple moving average is $34.47 and its 200-day simple moving average is $33.71. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.88.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) 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 analyst estimates of $1.74 billion. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.93) earnings per share. Equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

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.