Oak Family Advisors LLC Cuts Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Oak Family Advisors LLC lessened its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 58.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SPR. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems during the 4th quarter worth $32,000. Headlands Technologies LLC purchased a new position in shares of Spirit AeroSystems during the fourth quarter worth about $67,000. Vestcor Inc acquired a new stake in shares of Spirit AeroSystems during the fourth quarter worth about $97,000. Senator Investment Group LP increased its position in shares of 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 purchasing an additional 74,145 shares in the last quarter. Finally, AIMZ Investment Advisors LLC purchased a new stake in shares of Spirit AeroSystems in the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Stock Down 1.9%

SPR stock traded down $0.70 during trading on Friday, hitting $36.76. The company had a trading volume of 1,081,918 shares, compared to its average volume of 1,916,802. The firm has a 50-day moving average price of $35.98 and a 200-day moving average price of $34.48. The firm has a market cap of $4.31 billion, a PE ratio of -2.96 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $39.00.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm posted ($3.93) earnings per share. The company's revenue for the quarter was down 10.6% on a year-over-year basis. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.56.

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.