BCK Capital Management LP Trims Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

BCK Capital Management LP lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,159 shares of the aerospace company's stock after selling 46,441 shares during the quarter. Spirit AeroSystems comprises approximately 1.8% of BCK Capital Management LP's portfolio, making the stock its 13th largest position. BCK Capital Management LP owned about 0.06% of Spirit AeroSystems worth $2,527,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Spirit AeroSystems by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock valued at $368,142,000 after purchasing an additional 203,549 shares during the period. Pentwater Capital Management LP raised its position in Spirit AeroSystems by 1.3% in the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company's stock valued at $314,218,000 after purchasing an additional 120,000 shares during the period. National Bank of Canada FI raised its position in Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock valued at $125,453,000 after purchasing an additional 1,181,147 shares during the period. Norges Bank purchased a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $105,879,000. Finally, Alpine Associates Management Inc. raised its position in Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after purchasing an additional 714,984 shares during the period. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analyst Ratings Changes

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

Spirit AeroSystems Trading Up 0.6%

Shares of SPR stock traded up $0.23 on Wednesday, reaching $37.33. 204,754 shares of the stock were exchanged, compared to its average volume of 1,945,970. The business's 50 day moving average price is $34.85 and its 200 day moving average price is $33.93. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -3.00 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.88.

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