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

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

Several other hedge funds have also recently bought and sold shares of SPR. Norges Bank bought a new position in Spirit AeroSystems in the 4th quarter valued at about $105,879,000. National Bank of Canada FI grew its holdings in shares of Spirit AeroSystems by 47.2% during the 4th 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 last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Spirit AeroSystems by 73.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock valued at $83,114,000 after purchasing an additional 1,029,989 shares during the last quarter. Alpine Associates Management Inc. grew its holdings in shares of 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 last quarter. Finally, TIG Advisors LLC grew its holdings in shares of Spirit AeroSystems by 66.8% during the 4th quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock valued at $59,268,000 after purchasing an additional 696,533 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded up $0.08 during midday trading on Wednesday, reaching $37.18. The stock had a trading volume of 69,998 shares, compared to its average volume of 1,945,475. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -2.99 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. The company's 50 day moving average price is $34.85 and its 200 day moving average price is $33.93.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPR shares. Wall Street Zen started coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.