Cerity Partners LLC Has $2.59 Million Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Cerity Partners LLC cut its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 33.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,705 shares of the aerospace company's stock after selling 39,406 shares during the period. Cerity Partners LLC owned 0.07% of Spirit AeroSystems worth $2,591,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPR. Vanguard Group Inc. grew its position in Spirit AeroSystems by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after acquiring an additional 203,549 shares in the last quarter. National Bank of Canada FI increased its position in Spirit AeroSystems by 47.2% during the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after buying an additional 1,181,147 shares during the last quarter. Norges Bank bought a new position in Spirit AeroSystems during the fourth quarter valued at about $105,879,000. Alpine Associates Management Inc. boosted its stake in shares of Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after acquiring an additional 714,984 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Spirit AeroSystems by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,847,904 shares of the aerospace company's stock valued at $62,998,000 after acquiring an additional 75,046 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

Shares of NYSE SPR traded down $0.22 during trading hours on Monday, reaching $33.25. The stock had a trading volume of 1,002,832 shares, compared to its average volume of 2,034,987. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -2.68 and a beta of 1.41. The business's fifty day moving average is $33.60 and its two-hundred day moving average is $33.14. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month 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 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 analyst estimates of $1.94 billion. Sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.