Woodline Partners LP Has $5.70 Million Holdings in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Woodline Partners LP reduced its stake in Spirit Aerosystems Holdings, Inc. by 40.9%, selling 114,268 shares and now holding approximately 0.14% of the company valued at $5.7 million.
• Several hedge funds increased their holdings in Spirit Aerosystems, with Millennium Management LLC boosting its position by 51.9% to own 2,545,611 shares worth $87.7 million.
• Despite a recent earnings miss of ($3.34) per share against an estimate of ($0.52), Spirit Aerosystems reported a 9.6% increase in revenue year-over-year, totaling $1.64 billion.

Woodline Partners LP cut its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 40.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,409 shares of the aerospace company's stock after selling 114,268 shares during the period. Woodline Partners LP owned approximately 0.14% of Spirit Aerosystems worth $5,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quantinno Capital Management LP boosted its holdings in Spirit Aerosystems by 78.1% during the fourth quarter. Quantinno Capital Management LP now owns 30,679 shares of the aerospace company's stock worth $1,046,000 after buying an additional 13,450 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Spirit Aerosystems by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after buying an additional 703 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in Spirit Aerosystems by 5.0% during the fourth quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock worth $1,020,000 after buying an additional 1,418 shares in the last quarter. Royal Bank of Canada boosted its holdings in Spirit Aerosystems by 28.7% during the fourth quarter. Royal Bank of Canada now owns 659,083 shares of the aerospace company's stock worth $22,461,000 after buying an additional 147,129 shares in the last quarter. Finally, Sona Asset Management US LLC bought a new stake in Spirit Aerosystems during the fourth quarter worth approximately $10,123,000. 93.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPR. Zacks Research upgraded shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a report on Monday. Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Susquehanna raised their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Spirit Aerosystems currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.63.

Spirit Aerosystems Trading Up 0.4%

SPR traded up $0.14 during trading on Thursday, hitting $38.70. The stock had a trading volume of 248,519 shares, compared to its average volume of 1,161,795. The firm has a market cap of $4.54 billion, a PE ratio of -1.93 and a beta of 1.74. Spirit Aerosystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.33. The company has a 50 day simple moving average of $40.38 and a 200-day simple moving average of $37.26.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted ($2.73) EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share 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.