California Public Employees Retirement System Trims Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

California Public Employees Retirement System lowered its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 23.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 179,027 shares of the aerospace company's stock after selling 54,178 shares during the period. California Public Employees Retirement System owned 0.15% of Spirit AeroSystems worth $6,101,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

SPR has been the topic of a number of recent analyst reports. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com began coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fifteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $36.00.

Remove Ads

Spirit AeroSystems Trading Down 0.3 %

SPR traded down $0.11 during trading on Friday, reaching $32.75. 1,377,286 shares of the company's stock were exchanged, compared to its average volume of 2,058,272. The stock has a market capitalization of $3.83 billion, a PE ratio of -2.64 and a beta of 1.41. The firm has a fifty day moving average price of $33.76 and a two-hundred day moving average price of $33.12. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.94 billion. Sell-side 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.