BNP Paribas Financial Markets Sells 16,980 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

BNP Paribas Financial Markets cut its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,720 shares of the aerospace company's stock after selling 16,980 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Spirit AeroSystems worth $3,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $32,000. Headlands Technologies LLC acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $67,000. Byrne Asset Management LLC boosted its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $97,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPR. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Stock Up 0.6%

SPR traded up $0.21 during midday trading on Tuesday, hitting $37.81. The company had a trading volume of 66,034 shares, compared to its average volume of 1,965,546. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.88. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of -3.04 and a beta of 1.63. The stock's 50 day moving average price is $34.47 and its 200 day moving average price is $33.71.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. The company's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the business posted ($3.93) earnings per share. Research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS 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.