Ameriprise Financial Inc. Has $755,000 Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Ameriprise Financial Inc. cut its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,165 shares of the aerospace company's stock after selling 8,834 shares during the quarter. Ameriprise Financial Inc.'s holdings in Spirit AeroSystems were worth $755,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPR. Norges Bank bought a new position in Spirit AeroSystems in the fourth quarter valued at about $105,879,000. National Bank of Canada FI raised its position in Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock valued at $125,453,000 after purchasing an additional 1,181,147 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Spirit AeroSystems by 73.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock valued at $83,114,000 after purchasing an additional 1,029,989 shares during the last quarter. Alpine Associates Management Inc. raised its position in Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after purchasing an additional 714,984 shares during the last quarter. Finally, TIG Advisors LLC raised its position in Spirit AeroSystems by 66.8% in the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock valued at $59,268,000 after purchasing an additional 696,533 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Spirit AeroSystems Trading Up 0.7%

NYSE SPR traded up $0.26 during trading hours on Friday, hitting $37.94. 456,630 shares of the company's stock were exchanged, compared to its average volume of 1,938,538. The stock has a 50-day simple moving average of $35.28 and a 200 day simple moving average of $34.28. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $38.43. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -3.05 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned ($3.93) earnings per share. Spirit AeroSystems's revenue for the quarter was down 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 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.