Woodline Partners LP Has $9.53 Million Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Woodline Partners LP cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,677 shares of the aerospace company's stock after selling 193,867 shares during the period. Woodline Partners LP owned approximately 0.24% of Spirit AeroSystems worth $9,531,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Spirit AeroSystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company's stock worth $368,142,000 after acquiring an additional 203,549 shares in the last quarter. Pentwater Capital Management LP grew its holdings in Spirit AeroSystems by 1.3% during 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 lifted its holdings in Spirit AeroSystems by 47.2% during 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 in the last quarter. Norges Bank purchased a new stake in Spirit AeroSystems in the 4th quarter worth $105,879,000. Finally, Alpine Associates Management Inc. raised its stake in Spirit AeroSystems by 30.1% during the 4th 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. 93.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPR shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Wall Street Zen assumed coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems currently has an average rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Trading Down 0.2%

NYSE:SPR traded down $0.08 during midday trading on Tuesday, hitting $37.04. 286,610 shares of the stock were exchanged, compared to its average volume of 1,948,888. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.88. The business has a 50-day moving average price of $34.81 and a two-hundred day moving average price of $33.90. 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 (NYSE:SPR - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted ($3.93) EPS. Spirit AeroSystems's revenue was down 10.6% compared to the same quarter last year. Sell-side analysts forecast 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.