Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Shares Sold by MUFG Securities EMEA plc

Key Points

• MUFG Securities EMEA plc reduced its stake in Spirit Aerosystems by 47.8%, selling 66,000 shares and now owning 71,999 shares valued at approximately $2.48 million.
• Spirit Aerosystems missed earnings expectations for the latest quarter, reporting a loss of ($3.34) per share, compared to the consensus estimate of ($0.52).
• Following recent research reports, analysts have upgraded Spirit Aerosystems from a "strong sell" to a "hold" rating with a revised target price of $40.00.

MUFG Securities EMEA plc lowered its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 47.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,999 shares of the aerospace company's stock after selling 66,000 shares during the quarter. MUFG Securities EMEA plc owned approximately 0.06% of Spirit Aerosystems worth $2,481,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Senator Investment Group LP lifted its position in Spirit Aerosystems by 415.3% during the fourth quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company's stock worth $124,000 after buying an additional 74,145 shares in the last quarter. Byrne Asset Management LLC lifted its position in Spirit Aerosystems by 128.2% during the first 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 in the last quarter. Cetera Investment Advisers purchased a new position in Spirit Aerosystems during the first quarter worth approximately $211,000. Sterling Capital Management LLC lifted its position in Spirit Aerosystems by 52.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company's stock worth $215,000 after buying an additional 2,186 shares in the last quarter. Finally, KBC Group NV lifted its position in Spirit Aerosystems by 23.1% during the first 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 in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SPR. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday. Susquehanna lifted their price objective on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th.

Spirit Aerosystems Stock Up 2.6%

NYSE SPR traded up $1.02 during trading hours on Tuesday, hitting $40.54. 496,225 shares of the company were exchanged, compared to its average volume of 1,216,840. The company has a 50 day moving average of $38.88 and a two-hundred day moving average of $36.14. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.33. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of -2.02 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted ($2.73) earnings per share. On average, equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

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.