AQR Capital Management LLC Sells 120,090 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

AQR Capital Management LLC reduced its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,592 shares of the aerospace company's stock after selling 120,090 shares during the period. AQR Capital Management LLC owned 0.21% of Spirit AeroSystems worth $7,941,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Seven Eight Capital LP bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at $5,694,000. Vanguard Group Inc. lifted its holdings in shares of Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company's stock worth $395,128,000 after acquiring an additional 109,632 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock valued at $44,000 after buying an additional 724 shares during the period. Jones Road Capital Management L.P. grew its position in Spirit AeroSystems by 63.6% during the 4th quarter. Jones Road Capital Management L.P. now owns 257,275 shares of the aerospace company's stock worth $8,176,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Spirit AeroSystems by 39.3% in the fourth quarter. Sei Investments Co. now owns 1,965,370 shares of the aerospace company's stock worth $62,459,000 after buying an additional 554,666 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Up 1.4 %

SPR traded up $0.46 on Friday, reaching $32.55. 810,193 shares of the company traded hands, compared to its average volume of 3,217,355. The company has a market cap of $3.79 billion, a P/E ratio of -3.74 and a beta of 1.85. The firm has a fifty day simple moving average of $33.99 and a two-hundred day simple moving average of $33.21. Spirit AeroSystems Holdings, Inc. has a one year low of $15.45 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter in the prior year, the company posted ($1.46) EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -5.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPR has been the subject of several research analyst reports. Barclays restated an "equal weight" rating and issued a $37.00 price objective (down from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $37.00 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. Citigroup reissued a "neutral" rating and set a $37.25 price target (down from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. Susquehanna restated a "neutral" rating and set a $37.00 price target (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $34.73.

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.