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Maple Rock Capital Partners Inc. Decreases Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Spirit AeroSystems logo with Aerospace background

Maple Rock Capital Partners Inc. reduced its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 72.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,494,080 shares of the aerospace company's stock after selling 3,928,920 shares during the quarter. Spirit AeroSystems comprises approximately 1.4% of Maple Rock Capital Partners Inc.'s holdings, making the stock its 15th largest position. Maple Rock Capital Partners Inc. owned 1.28% of Spirit AeroSystems worth $48,573,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Byrne Asset Management LLC purchased a new position in Spirit AeroSystems in the 2nd quarter worth approximately $30,000. Waldron Private Wealth LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth approximately $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth approximately $49,000. Quarry LP raised its holdings in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock worth $75,000 after acquiring an additional 751 shares during the last quarter. Finally, KBC Group NV raised its holdings in Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock worth $150,000 after acquiring an additional 771 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR traded up $0.51 during midday trading on Wednesday, hitting $32.94. 2,306,843 shares of the company traded hands, compared to its average volume of 2,953,802. The firm has a 50 day moving average of $32.05 and a 200-day moving average of $32.84. Spirit AeroSystems Holdings, Inc. has a 52 week low of $25.16 and a 52 week high of $37.08. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -2.61 and a beta of 1.82.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Monday. They set a "sell" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems currently has an average rating of "Hold" and a consensus price target of $35.67.

Get Our Latest Research Report on SPR

Spirit AeroSystems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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