Susquehanna Portfolio Strategies LLC Decreases Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Susquehanna Portfolio Strategies LLC cut its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 51.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,461 shares of the aerospace company's stock after selling 23,748 shares during the quarter. Spirit AeroSystems accounts for about 2.6% of Susquehanna Portfolio Strategies LLC's investment portfolio, making the stock its 8th largest holding. Susquehanna Portfolio Strategies LLC's holdings in Spirit AeroSystems were worth $765,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems during the fourth quarter worth about $32,000. Headlands Technologies LLC acquired a new position in Spirit AeroSystems during the fourth quarter worth about $67,000. Byrne Asset Management LLC increased its stake in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Vestcor Inc purchased a new position in Spirit AeroSystems during the 4th quarter valued at about $97,000. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Down 1.6%

NYSE:SPR traded down $0.61 during trading hours on Wednesday, reaching $37.05. The company had a trading volume of 649,993 shares, compared to its average volume of 1,966,849. The stock has a 50-day moving average of $34.56 and a two-hundred day moving average of $33.74. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.88. The firm has a market capitalization of $4.35 billion, a PE ratio of -2.98 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) 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 the consensus estimate of $1.74 billion. The business's revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.93) EPS. As a group, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.