Geode Capital Management LLC Cuts Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Geode Capital Management LLC decreased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,772,858 shares of the aerospace company's stock after selling 68,858 shares during the quarter. Geode Capital Management LLC owned 1.52% of Spirit AeroSystems worth $57,652,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPR. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems in the third quarter valued at about $32,000. Quest Partners LLC bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $49,000. Quarry LP grew its holdings in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock valued at $75,000 after purchasing an additional 751 shares during the last quarter. KBC Group NV increased its position in Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock worth $150,000 after purchasing an additional 771 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Spirit AeroSystems in the 2nd quarter valued at approximately $207,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com began coverage on Spirit AeroSystems in a research note on Wednesday, December 18th. They issued a "sell" rating for the company. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of "Hold" and an average price target of $35.67.

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock traded up $0.07 during trading on Monday, reaching $33.33. 879,186 shares of the company traded hands, compared to its average volume of 2,891,775. The firm has a market capitalization of $3.90 billion, a PE ratio of -2.68 and a beta of 1.82. The company has a 50 day moving average price of $32.16 and a 200-day moving average price of $33.02. Spirit AeroSystems Holdings, Inc. has a 1-year low of $25.16 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current 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.