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 lessened its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 47.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,999 shares of the aerospace company's stock after selling 66,000 shares during the quarter. MUFG Securities EMEA plc owned about 0.06% of Spirit Aerosystems worth $2,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPR. Senator Investment Group LP grew its holdings in Spirit Aerosystems by 415.3% in the fourth quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company's stock worth $124,000 after purchasing an additional 74,145 shares during the period. Byrne Asset Management LLC increased 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 purchasing an additional 2,629 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Spirit Aerosystems in the 1st quarter worth $211,000. Sterling Capital Management LLC increased its stake in shares of Spirit Aerosystems by 52.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company's stock worth $215,000 after purchasing an additional 2,186 shares in the last quarter. Finally, KBC Group NV boosted its holdings in 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 period. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Saturday. Susquehanna increased their price objective on shares of 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 Price Performance

Shares of NYSE:SPR traded up $0.24 during trading on Wednesday, reaching $40.75. 216,797 shares of the company were exchanged, compared to its average volume of 1,210,278. The firm has a market capitalization of $4.78 billion, a PE ratio of -2.03 and a beta of 1.70. The business's fifty day simple moving average is $38.93 and its 200-day simple moving average is $36.17. Spirit Aerosystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued 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 company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.82 billion. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.73) earnings per share. On average, sell-side analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

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.