Verition Fund Management LLC Sells 47,533 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Verition Fund Management LLC lessened its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 62.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,775 shares of the aerospace company’s stock after selling 47,533 shares during the quarter. Verition Fund Management LLC’s holdings in Spirit AeroSystems were worth $935,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Spirit AeroSystems by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock valued at $723,000 after buying an additional 332 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Spirit AeroSystems by 1.4% in the second quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock worth $1,166,000 after acquiring an additional 500 shares during the period. Inspire Investing LLC grew its position in shares of Spirit AeroSystems by 6.4% in the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock valued at $351,000 after purchasing an additional 643 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Spirit AeroSystems by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 724 shares during the period. Finally, Quarry LP lifted its holdings in Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock opened at $32.21 on Monday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -2.59 and a beta of 1.82. The company has a fifty day moving average of $32.02 and a 200-day moving average of $32.87. Spirit AeroSystems Holdings, Inc. has a 52-week low of $25.16 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPR shares. StockNews.com began coverage on shares of Spirit AeroSystems in a report on Monday, December 2nd. They issued a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems has a consensus rating of “Hold” and a consensus target price of $35.67.

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.