Blue Trust Inc. Decreases Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Blue Trust Inc. lessened its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 80.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,771 shares of the aerospace company's stock after selling 7,354 shares during the period. Blue Trust Inc.'s holdings in Spirit AeroSystems were worth $60,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI increased its holdings in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock valued at $81,275,000 after buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter worth $77,296,000. Bank of Montreal Can boosted its holdings in shares of Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company's stock valued at $26,557,000 after buying an additional 758,599 shares in the last quarter. ING Groep NV acquired a new stake in Spirit AeroSystems in the third quarter valued at approximately $16,817,000. Finally, Harvest Management LLC grew its stake in Spirit AeroSystems by 84.8% during the 3rd quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company's stock worth $15,702,000 after buying an additional 221,600 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Trading Up 1.2 %

SPR traded up $0.43 on Friday, hitting $34.89. The company had a trading volume of 1,097,376 shares, compared to its average volume of 1,182,214. The company's fifty day moving average price is $34.07 and its 200 day moving average price is $33.25. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.32 and a 1 year high of $37.08. The firm has a market cap of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.80.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced 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). On average, analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPR shares. StockNews.com began coverage on Spirit AeroSystems in a research report on Friday. They issued a "sell" rating on the stock. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $36.00.

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.