Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Stock Position Decreased by Citigroup Inc.

Citigroup Inc. cut its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,670 shares of the aerospace company's stock after selling 93,559 shares during the quarter. Citigroup Inc. owned approximately 0.17% of Spirit AeroSystems worth $6,296,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Pentwater Capital Management LP lifted its holdings in shares of Spirit AeroSystems by 18,132.0% during the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock worth $296,356,000 after purchasing an additional 9,066,000 shares during the period. Alpine Associates Management Inc. acquired a new stake in shares of Spirit AeroSystems in the 3rd quarter worth $77,296,000. Appian Way Asset Management LP purchased a new stake in shares of Spirit AeroSystems in the second quarter valued at about $39,969,000. Assenagon Asset Management S.A. increased its stake in shares of Spirit AeroSystems by 405.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company's stock worth $35,158,000 after acquiring an additional 858,162 shares during the period. Finally, ING Groep NV acquired a new position in shares of Spirit AeroSystems during the third quarter worth about $16,817,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Sunday, November 24th. They set a "sell" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $35.67.

Spirit AeroSystems Trading Down 0.5 %

NYSE:SPR traded down $0.17 on Friday, reaching $32.36. The stock had a trading volume of 1,487,439 shares, compared to its average volume of 2,001,730. Spirit AeroSystems Holdings, Inc. has a 12-month low of $25.16 and a 12-month high of $37.08. The company has a 50-day moving average of $32.08 and a 200 day moving average of $32.80. The stock has a market cap of $3.78 billion, a P/E ratio of -2.61 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.83 billion. On average, equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current 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.