First Manhattan CO. LLC. Has $7.16 Million Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

First Manhattan CO. LLC. reduced its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,181 shares of the aerospace company's stock after selling 10,441 shares during the quarter. First Manhattan CO. LLC. owned 0.18% of Spirit AeroSystems worth $7,163,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPR. Treasurer of the State of North Carolina raised its holdings in shares of Spirit AeroSystems by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock valued at $1,737,000 after purchasing an additional 320 shares during the period. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $32,000. KBC Group NV lifted its position in shares of Spirit AeroSystems by 24.4% in the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock valued at $195,000 after buying an additional 1,126 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its stake in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after acquiring an additional 1,390 shares during the period. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analyst Weigh In

SPR has been the subject of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $36.56.

Spirit AeroSystems Trading Up 0.5%

NYSE SPR traded up $0.20 during trading on Monday, reaching $36.90. The company's stock had a trading volume of 1,255,680 shares, compared to its average volume of 1,977,421. The firm has a 50 day moving average price of $34.03 and a 200 day moving average price of $33.54. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.09. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -2.97 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly 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 the consensus estimate of $1.74 billion. The company's quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the firm posted ($3.93) EPS. On average, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

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.