Amundi Sells 693,944 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Amundi lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 99.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175 shares of the aerospace company's stock after selling 693,944 shares during the quarter. Amundi's holdings in Spirit AeroSystems were worth $40,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Quest Partners LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $49,000. Byrne Asset Management LLC boosted its holdings in shares of Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after purchasing an additional 1,390 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $149,000. Institutional investors own 93.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPR. StockNews.com began coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating for the company. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fifteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Spirit AeroSystems has an average rating of "Hold" and an average price target of $36.00.

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Spirit AeroSystems Stock Down 0.3 %

NYSE:SPR traded down $0.09 during midday trading on Tuesday, hitting $35.49. The stock had a trading volume of 884,968 shares, compared to its average volume of 1,990,660. The stock has a 50-day moving average of $34.18 and a 200 day moving average of $33.18. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a one year low of $28.92 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly 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 firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share 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.