Oak Family Advisors LLC Sells 17,277 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Oak Family Advisors LLC lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 58.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,044 shares of the aerospace company's stock after selling 17,277 shares during the quarter. Oak Family Advisors LLC's holdings in Spirit AeroSystems were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPR. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems in the fourth quarter worth about $32,000. Headlands Technologies LLC bought a new stake in Spirit AeroSystems in the 4th quarter valued at $67,000. Vestcor Inc acquired a new stake in Spirit AeroSystems in the 4th quarter valued at approximately $97,000. Senator Investment Group LP lifted its position in shares of 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 in the last quarter. Finally, AIMZ Investment Advisors LLC acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $208,000. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Trading Down 1.0%

NYSE SPR traded down $0.37 during trading on Friday, hitting $37.09. 413,485 shares of the company's stock were exchanged, compared to its average volume of 1,911,454. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $39.00. The company has a market cap of $4.35 billion, a PE ratio of -2.99 and a beta of 1.63. The stock's 50 day moving average price is $35.84 and its two-hundred day moving average price is $34.45.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released 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 firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. The business's revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.93) earnings per share. Analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

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.