Charles Schwab Investment Management Inc. Cuts Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Charles Schwab Investment Management Inc. cut its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,285,789 shares of the aerospace company's stock after selling 55,614 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Spirit AeroSystems worth $43,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems during the 4th quarter valued at approximately $32,000. AIMZ Investment Advisors LLC acquired a new stake in Spirit AeroSystems during the 4th quarter valued at approximately $208,000. Proficio Capital Partners LLC acquired a new stake in Spirit AeroSystems during the 4th quarter valued at approximately $520,000. New York Life Investment Management LLC lifted its stake in Spirit AeroSystems by 37.7% during the 4th quarter. New York Life Investment Management LLC now owns 180,327 shares of the aerospace company's stock valued at $6,146,000 after acquiring an additional 49,386 shares during the period. Finally, Spectrum Financial Alliance Ltd LLC acquired a new stake in Spirit AeroSystems during the 4th quarter valued at approximately $2,270,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

Shares of SPR stock traded up $0.20 on Tuesday, hitting $33.82. 1,187,719 shares of the stock traded hands, compared to its average volume of 2,023,220. The firm's 50-day moving average price is $34.05 and its two-hundred day moving average price is $33.13. Spirit AeroSystems Holdings, Inc. has a twelve month low of $28.92 and a twelve month high of $37.08. The stock has a market capitalization of $3.95 billion, a PE ratio of -2.72 and a beta of 1.77.

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

Analysts Set New Price Targets

Several brokerages have commented on SPR. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, StockNews.com began coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Fifteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.00.

Spirit AeroSystems 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.