Algert Global LLC Sells 22,151 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Algert Global LLC lessened its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 65.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,702 shares of the aerospace company's stock after selling 22,151 shares during the quarter. Algert Global LLC's holdings in Spirit AeroSystems were worth $385,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Spirit AeroSystems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company's stock worth $395,128,000 after buying an additional 109,632 shares during the period. Pentwater Capital Management LP raised its stake 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 valued at $296,356,000 after acquiring an additional 9,066,000 shares during the last quarter. Steadfast Capital Management LP lifted its holdings in shares of Spirit AeroSystems by 1,274.6% during the first quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company's stock worth $170,066,000 after purchasing an additional 4,371,874 shares during the period. Maple Rock Capital Partners Inc. grew its stake in shares of Spirit AeroSystems by 7.2% in the first quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company's stock worth $159,538,000 after purchasing an additional 296,000 shares during the last quarter. Finally, Earnest Partners LLC increased its holdings in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock valued at $134,644,000 after purchasing an additional 105,350 shares during the period. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPR has been the topic of several recent research reports. StockNews.com assumed coverage on Spirit AeroSystems in a report on Monday. They set a "sell" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, August 20th. Sanford C. Bernstein restated a "market perform" rating on shares of Spirit AeroSystems in a report on Monday, July 8th. UBS Group boosted their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, July 1st. Finally, Benchmark reiterated a "hold" rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus target price of $34.73.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock traded down $0.21 during mid-day trading on Tuesday, reaching $32.26. The stock had a trading volume of 1,886,417 shares, compared to its average volume of 3,198,402. The firm has a market capitalization of $3.76 billion, a PE ratio of -3.71 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $37.08. The stock's 50-day simple moving average is $33.79 and its 200-day simple moving average is $33.16.

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 analysts' consensus estimates of ($0.98) by ($1.75). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.57 billion. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.46) EPS. On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -5.57 earnings per share for the current fiscal year.

Spirit AeroSystems Company 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.