Spirit Aerosystems Holdings, Inc. $SPR Shares Sold by Valueworks LLC

Key Points

• Valueworks LLC reduced its stake in Spirit Aerosystems Holdings, Inc. by 37.0%, now holding 145,980 shares which represent 1.9% of its portfolio.
• Spirit Aerosystems reported an earnings miss with a loss of ($3.34) per share, falling short of expectations by ($2.82).
• A variety of hedge funds have increased their investments in Spirit Aerosystems, with Byrne Asset Management boosting its position by 128.2% in the first quarter.

Valueworks LLC trimmed its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 37.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,980 shares of the aerospace company's stock after selling 85,710 shares during the quarter. Spirit Aerosystems comprises about 1.9% of Valueworks LLC's investment portfolio, making the stock its 23rd biggest position. Valueworks LLC owned about 0.12% of Spirit Aerosystems worth $5,030,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SPR. Pentwater Capital Management LP boosted its stake 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 worth $314,218,000 after buying an additional 120,000 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Spirit Aerosystems by 6.2% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock valued at $100,605,000 after purchasing an additional 171,935 shares in the last quarter. TIG Advisors LLC lifted its stake 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 worth $59,268,000 after purchasing an additional 696,533 shares during the last quarter. Appian Way Asset Management LP grew its holdings in Spirit Aerosystems by 129.0% in the fourth quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company's stock worth $38,562,000 after purchasing an additional 637,451 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Spirit Aerosystems by 195.6% during the 1st quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock valued at $33,182,000 after buying an additional 637,110 shares in the last quarter. Institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR traded up $0.05 during trading hours on Thursday, reaching $41.79. The stock had a trading volume of 136,052 shares, compared to its average volume of 1,181,512. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of -2.09 and a beta of 1.70. The firm's 50 day moving average is $39.59 and its 200-day moving average is $36.63. 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 released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted ($2.73) earnings per share. The business's quarterly revenue was up 9.6% on a year-over-year basis. Analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SPR. Susquehanna boosted their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a 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 investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Spirit Aerosystems presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.63.

Spirit Aerosystems 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.