Valueworks LLC Sells 8,415 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Valueworks LLC cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,690 shares of the aerospace company's stock after selling 8,415 shares during the quarter. Spirit AeroSystems accounts for approximately 2.6% of Valueworks LLC's holdings, making the stock its 19th biggest holding. Valueworks LLC owned approximately 0.20% of Spirit AeroSystems worth $7,896,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $105,879,000. National Bank of Canada FI increased its stake in shares of Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock worth $125,453,000 after buying an additional 1,181,147 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Spirit AeroSystems by 73.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock worth $83,114,000 after buying an additional 1,029,989 shares during the period. Alpine Associates Management Inc. increased its stake in shares of Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after buying an additional 714,984 shares during the period. Finally, TIG Advisors LLC increased its stake in shares of Spirit AeroSystems by 66.8% in the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock worth $59,268,000 after buying an additional 696,533 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price 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 research report on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Stock Down 0.5%

Shares of NYSE:SPR traded down $0.17 during midday trading on Friday, reaching $37.07. The company's stock had a trading volume of 653,134 shares, compared to its average volume of 1,955,393. The firm has a 50 day moving average of $34.77 and a 200-day moving average of $33.84. The firm has a market capitalization of $4.35 billion, a P/E ratio of -2.98 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $37.88.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share 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. Spirit AeroSystems's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.93) earnings per share. On average, research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current 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.