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

Deutsche Bank AG trimmed its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,777 shares of the aerospace company's stock after selling 1,139,541 shares during the quarter. Deutsche Bank AG's holdings in Spirit AeroSystems were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Spirit AeroSystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after buying an additional 203,549 shares during the last quarter. Pentwater Capital Management LP grew its position in shares of Spirit AeroSystems by 1.3% in the 4th quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock worth $314,218,000 after buying an additional 120,000 shares during the last quarter. National Bank of Canada FI grew its position in shares of Spirit AeroSystems by 47.2% in the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after buying an additional 1,181,147 shares during the last quarter. Norges Bank bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth approximately $105,879,000. Finally, Alpine Associates Management Inc. grew its position in shares of Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after buying an additional 714,984 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR stock traded down $0.39 during mid-day trading on Wednesday, hitting $37.80. The company's stock had a trading volume of 1,532,435 shares, compared to its average volume of 1,942,581. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $38.43. The business has a 50-day moving average price of $35.08 and a 200 day moving average price of $34.17. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -3.04 and a beta of 1.63.

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 for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.74 billion. Spirit AeroSystems's revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the company earned ($3.93) EPS. Equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPR has been the topic of a number of recent analyst reports. Wall Street Zen initiated coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research 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, the company presently has an average rating of "Hold" and an average price target 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.