Assenagon Asset Management S.A. Sells 80,897 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Assenagon Asset Management S.A. cut its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 988,703 shares of the aerospace company's stock after selling 80,897 shares during the quarter. Assenagon Asset Management S.A. owned 0.85% of Spirit AeroSystems worth $32,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPR. Vanguard Group Inc. raised its holdings in shares of Spirit AeroSystems by 8.8% in the fourth quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company's stock valued at $344,649,000 after purchasing an additional 876,673 shares during the last quarter. Brookstone Capital Management bought a new position in Spirit AeroSystems in the first quarter valued at $405,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Spirit AeroSystems in the 1st quarter valued at $382,000. Allspring Global Investments Holdings LLC lifted its position in Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock worth $44,000 after buying an additional 724 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Spirit AeroSystems by 30.9% during the 1st quarter. Principal Financial Group Inc. now owns 9,959 shares of the aerospace company's stock worth $359,000 after buying an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Trading Down 0.7 %

Shares of NYSE:SPR traded down $0.22 during trading on Friday, reaching $31.44. 1,111,007 shares of the stock were exchanged, compared to its average volume of 3,083,878. Spirit AeroSystems Holdings, Inc. has a 12 month low of $20.98 and a 12 month high of $37.08. The stock has a 50-day moving average price of $33.17 and a 200-day moving average price of $32.91. The firm has a market cap of $3.66 billion, a PE ratio of -3.62 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. On average, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -4.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPR has been the topic of a number of recent research reports. Baird R W downgraded Spirit AeroSystems from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 12th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $37.00 price target (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. StockNews.com assumed coverage on Spirit AeroSystems in a report on Wednesday. They issued a "sell" rating for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. Finally, Citigroup reaffirmed a "neutral" rating and set a $37.25 price target (down from $39.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems presently has an average rating of "Hold" and an average target price of $35.54.

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.