Ameriprise Financial Inc. Sells 8,834 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

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

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $32,000. Headlands Technologies LLC acquired a new position in shares of Spirit AeroSystems in the 4th quarter valued at about $67,000. Byrne Asset Management LLC increased its holdings in shares of Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 1,390 shares during the period. Finally, Vestcor Inc acquired a new position in Spirit AeroSystems in the fourth quarter worth approximately $97,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Trading Down 1.0%

Spirit AeroSystems stock traded down $0.39 during trading hours on Wednesday, reaching $37.80. 1,532,435 shares of the company were exchanged, compared to its average volume of 1,942,581. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of -3.04 and a beta of 1.63. The stock has a 50-day moving average of $35.08 and a 200 day moving average of $34.17. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $38.43.

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

Analysts Set New Price Targets

A number of research firms recently commented on SPR. Wall Street Zen began coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.56.

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.