Bank of America Corp DE Has $29.91 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Bank of America Corp DE trimmed its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 29.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 877,483 shares of the aerospace company's stock after selling 370,002 shares during the period. Bank of America Corp DE owned approximately 0.75% of Spirit AeroSystems worth $29,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC acquired a new position in shares of Spirit AeroSystems in the fourth quarter worth $231,000. SG Americas Securities LLC grew its stake in Spirit AeroSystems by 1,295.0% in the fourth quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock valued at $11,103,000 after purchasing an additional 302,439 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Spirit AeroSystems by 52.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,827 shares of the aerospace company's stock worth $301,000 after purchasing an additional 3,030 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Spirit AeroSystems during the 4th quarter worth about $149,000. Finally, KBC Group NV lifted its holdings in shares of Spirit AeroSystems by 24.4% during the 4th quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock valued at $195,000 after buying an additional 1,126 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Down 1.6%

NYSE SPR traded down $0.61 during trading on Wednesday, hitting $37.05. The company's stock had a trading volume of 649,993 shares, compared to its average volume of 1,964,788. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.88. The firm has a market cap of $4.35 billion, a P/E ratio of -2.98 and a beta of 1.63. The firm has a 50 day moving average price of $34.56 and a 200 day moving average price of $33.74.

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 (EPS) 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 the consensus estimate of $1.74 billion. During the same quarter last year, the company earned ($3.93) EPS. Spirit AeroSystems's revenue was down 10.6% on a year-over-year basis. On average, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analysts Set New Price Targets

SPR has been the topic of several recent research reports. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.56.

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.