Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by BCK Capital Management LP

BCK Capital Management LP reduced its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,159 shares of the aerospace company's stock after selling 46,441 shares during the quarter. Spirit AeroSystems accounts for approximately 1.8% of BCK Capital Management LP's investment portfolio, making the stock its 13th biggest holding. BCK Capital Management LP owned approximately 0.06% of Spirit AeroSystems worth $2,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPR. R Squared Ltd acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at $32,000. Headlands Technologies LLC acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at $67,000. Byrne Asset Management LLC lifted its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares during the period. Finally, Vestcor Inc bought a new stake in Spirit AeroSystems during the 4th quarter valued at $97,000. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Down 0.5%

NYSE SPR traded down $0.17 during trading hours on Friday, reaching $37.07. The company's stock had a trading volume of 653,134 shares, compared to its average volume of 1,955,393. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of -2.98 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.88. The firm's 50-day moving average price is $34.77 and its 200-day moving average price is $33.86.

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 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. During the same quarter in the prior year, the company posted ($3.93) earnings per share. The business's revenue was down 10.6% on a year-over-year basis. Equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SPR. Wall Street Zen began coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $36.56.

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.