Deutsche Bank AG Sells 1,139,541 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Deutsche Bank AG trimmed its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 99.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,777 shares of the aerospace company's stock after selling 1,139,541 shares during the period. Deutsche Bank AG's holdings in Spirit AeroSystems were worth $197,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPR. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Spirit AeroSystems by 161.8% in the fourth 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. Proficio Capital Partners LLC bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at about $520,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at about $32,000. Northern Trust Corp lifted its stake in shares of Spirit AeroSystems by 13.7% in 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 during the period. Finally, Oak Family Advisors LLC bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at about $999,000. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Trading Up 0.7%

NYSE:SPR traded up $0.26 during mid-day trading on Friday, hitting $37.94. The company's stock had a trading volume of 456,630 shares, compared to its average volume of 1,938,538. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $38.43. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -3.05 and a beta of 1.63. The stock has a fifty day moving average of $35.28 and a 200-day moving average of $34.28.

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 company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the previous year, the business earned ($3.93) earnings per share. The firm's quarterly revenue was down 10.6% on a year-over-year basis. On average, equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.