Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC reduced its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 62.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,775 shares of the aerospace company's stock after selling 47,533 shares during the quarter. Verition Fund Management LLC's holdings in Spirit AeroSystems were worth $935,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Byrne Asset Management LLC purchased a new position in Spirit AeroSystems during the 2nd quarter worth $30,000. Waldron Private Wealth LLC purchased a new position in shares of Spirit AeroSystems during the third quarter worth about $32,000. Quest Partners LLC acquired a new position in Spirit AeroSystems in the 3rd quarter valued at about $49,000. Quarry LP raised its stake in 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 acquiring an additional 751 shares during the last quarter. Finally, KBC Group NV lifted 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 acquiring an additional 771 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPR. StockNews.com started coverage on Spirit AeroSystems in a report on Monday, December 2nd. They issued a "sell" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $35.67.

Spirit AeroSystems Price Performance

Shares of SPR stock traded down $0.11 during midday trading on Monday, reaching $32.11. 1,826,206 shares of the company traded hands, compared to its average volume of 2,935,323. The firm's 50 day simple moving average is $32.01 and its two-hundred day simple moving average is $32.88. The firm has a market cap of $3.75 billion, a PE ratio of -2.58 and a beta of 1.82. 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 issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) 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 analysts' expectations of $1.83 billion. As a group, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.64 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.