KBC Group NV Has $158,000 Holdings in Spirit Aerosystems Holdings, Inc. $SPR

KBC Group NV cut its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 41.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,133 shares of the aerospace company’s stock after selling 2,922 shares during the period. KBC Group NV’s holdings in Spirit Aerosystems were worth $158,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in shares of Spirit Aerosystems by 10.9% during the first quarter. Allianz Asset Management GmbH now owns 63,097 shares of the aerospace company’s stock valued at $2,174,000 after acquiring an additional 6,200 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Spirit Aerosystems in the first quarter valued at $392,000. Oak Thistle LLC boosted its position in shares of Spirit Aerosystems by 216.8% in the first quarter. Oak Thistle LLC now owns 46,150 shares of the aerospace company’s stock worth $1,590,000 after buying an additional 31,582 shares during the period. Cetera Investment Advisers purchased a new position in shares of Spirit Aerosystems during the first quarter valued at $211,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Spirit Aerosystems during the first quarter valued at $2,488,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Down 0.4%

Shares of SPR opened at $35.72 on Thursday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -1.78 and a beta of 1.70. The company’s fifty day moving average is $38.01 and its 200-day moving average is $38.62. Spirit Aerosystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.33.

Spirit Aerosystems (NYSE:SPR) last issued its quarterly earnings data on Friday, October 31st. The aerospace company reported ($4.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($4.50). The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.92 billion. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.03) EPS. As a group, research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SPR has been the subject of a number of research analyst 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. Zacks Research raised Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Spirit Aerosystems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Spirit Aerosystems has an average rating of “Hold” and an average target price of $38.63.

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.