Bank of New York Mellon Corp Reduces Stock Holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Bank of New York Mellon Corp reduced its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 2.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 338,046 shares of the aerospace company's stock after selling 7,274 shares during the period. Bank of New York Mellon Corp owned about 0.29% of Spirit Aerosystems worth $11,649,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Spirit Aerosystems by 38.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,191 shares of the aerospace company's stock worth $420,000 after purchasing an additional 3,364 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Spirit Aerosystems in the 1st quarter worth approximately $1,087,000. CIBRA Capital Ltd purchased a new position in shares of Spirit Aerosystems in the 1st quarter worth approximately $11,987,000. KBC Group NV boosted its stake in shares of Spirit Aerosystems by 23.1% in the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock worth $243,000 after buying an additional 1,322 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its stake in shares of Spirit Aerosystems by 128.2% in the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after buying an additional 2,629 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit Aerosystems Price Performance

Shares of NYSE SPR traded down $0.54 during midday trading on Thursday, reaching $40.95. The company's stock had a trading volume of 1,051,253 shares, compared to its average volume of 832,888. Spirit Aerosystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $41.61. The firm has a 50 day moving average price of $38.29 and a 200-day moving average price of $35.62. The stock has a market capitalization of $4.80 billion, a P/E ratio of -2.25 and a beta of 1.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data 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 quarter last year, the firm posted ($3.93) EPS. The company's revenue was down 10.6% compared to the same quarter last year. On average, equities analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Wall Street Analyst Weigh In

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

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.