Alliancebernstein L.P. Has $1.28 Million Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Alliancebernstein L.P. lowered its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,600 shares of the aerospace company's stock after selling 14,991 shares during the period. Alliancebernstein L.P.'s holdings in Spirit AeroSystems were worth $1,281,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $32,000. Byrne Asset Management LLC lifted its position in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after buying an additional 1,390 shares in the last quarter. Vestcor Inc acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at about $97,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at about $149,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SPR shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com began coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Stock Up 0.2 %

Shares of SPR stock traded up $0.06 during trading hours on Thursday, hitting $34.94. 104,363 shares of the company were exchanged, compared to its average volume of 2,018,032. The firm has a fifty day moving average of $33.59 and a 200 day moving average of $33.16. The firm has a market cap of $4.08 billion, a PE ratio of -2.81 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.94 billion. Analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

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.