Magnetar Financial LLC Sells 67,025 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Magnetar Financial LLC trimmed its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 895,907 shares of the aerospace company's stock after selling 67,025 shares during the quarter. Magnetar Financial LLC owned approximately 0.77% of Spirit AeroSystems worth $30,533,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI lifted its stake in Spirit AeroSystems by 3,996.6% in the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock worth $81,275,000 after acquiring an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Spirit AeroSystems in the third quarter worth approximately $77,296,000. Bank of Montreal Can boosted its holdings in shares of Spirit AeroSystems by 1,744.2% during the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company's stock worth $26,557,000 after purchasing an additional 758,599 shares during the period. Sand Grove Capital Management LLP purchased a new position in Spirit AeroSystems during the third quarter valued at approximately $14,099,000. Finally, SG Americas Securities LLC increased its stake in Spirit AeroSystems by 1,295.0% in the 4th quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock valued at $11,103,000 after buying an additional 302,439 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms have recently commented on SPR. StockNews.com began coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price 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. Based on data from MarketBeat.com, Spirit AeroSystems currently has an average rating of "Hold" and an average price target of $36.00.

Spirit AeroSystems Price Performance

Shares of NYSE SPR traded down $0.11 during trading hours on Monday, hitting $35.50. 833,441 shares of the stock were exchanged, compared to its average volume of 1,994,684. Spirit AeroSystems Holdings, Inc. has a one year low of $28.92 and a one year high of $37.08. The company's 50 day moving average is $34.12 and its 200 day moving average is $33.14. The firm has a market capitalization of $4.15 billion, a P/E ratio of -2.86 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) 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 the consensus estimate of $1.94 billion. Research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal 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.