Northern Trust Corp Has $18.70 Million Stake in Spirit Aerosystems Holdings, Inc. $SPR

Northern Trust Corp lowered its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 542,770 shares of the aerospace company's stock after selling 22,299 shares during the period. Northern Trust Corp owned approximately 0.46% of Spirit Aerosystems worth $18,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPR. SG Americas Securities LLC lifted its position in shares of Spirit Aerosystems by 195.6% in the first quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock worth $33,182,000 after buying an additional 637,110 shares during the last quarter. CIBRA Capital Ltd acquired a new position in shares of Spirit Aerosystems during the 1st quarter worth about $11,987,000. Sona Asset Management US LLC acquired a new position in shares of Spirit Aerosystems during the 4th quarter worth about $10,123,000. Lighthouse Investment Partners LLC acquired a new position in shares of Spirit Aerosystems during the 4th quarter worth about $9,630,000. Finally, Readystate Asset Management LP lifted its position in shares of Spirit Aerosystems by 1,950.2% during the 1st quarter. Readystate Asset Management LP now owns 286,105 shares of the aerospace company's stock worth $9,859,000 after purchasing an additional 272,150 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Susquehanna boosted their price objective on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Spirit Aerosystems currently has a consensus rating of "Moderate Buy" and an average price target of $38.63.

Spirit Aerosystems Price Performance

Shares of SPR stock traded down $0.12 during trading hours on Thursday, reaching $41.16. The company had a trading volume of 1,199,950 shares, compared to its average volume of 1,178,294. The company has a 50 day moving average of $40.05 and a 200 day moving average of $36.88. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of -2.06 and a beta of 1.74. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.82 billion. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted ($2.73) EPS. As a group, sell-side analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal 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.