Bank of New York Mellon Corp Sells 7,274 Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Bank of New York Mellon Corp trimmed its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 338,046 shares of the aerospace company's stock after selling 7,274 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.29% of Spirit Aerosystems worth $11,649,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Spirit Aerosystems by 161.8% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock valued at $12,080,000 after buying an additional 219,057 shares during the period. NBC Securities Inc. grew its holdings in shares of Spirit Aerosystems by 113,966.7% during the 1st quarter. NBC Securities Inc. now owns 17,110 shares of the aerospace company's stock worth $589,000 after purchasing an additional 17,095 shares during the period. Twin Securities Inc. acquired a new stake in Spirit Aerosystems during the 4th quarter worth approximately $1,177,000. Northern Trust Corp lifted its position in Spirit Aerosystems by 13.7% during the fourth quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company's stock valued at $19,258,000 after buying an additional 68,183 shares in the last quarter. Finally, CSS LLC IL increased its position in shares of Spirit Aerosystems by 147.6% in the fourth quarter. CSS LLC IL now owns 17,612 shares of the aerospace company's stock worth $600,000 after acquiring an additional 10,500 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit Aerosystems Trading Up 0.3%

SPR stock traded up $0.11 during mid-day trading on Monday, hitting $40.67. 351,145 shares of the company were exchanged, compared to its average volume of 1,487,309. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $41.14. The business has a 50 day simple moving average of $38.00 and a 200-day simple moving average of $35.44.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced 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 firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. The business's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the business earned ($3.93) EPS. As a group, analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, Susquehanna set a $40.00 target price on shares of Spirit Aerosystems and gave the stock a "neutral" rating in a research report on Monday, July 14th.

About Spirit Aerosystems

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.