First Manhattan CO. LLC. Cuts Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

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

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock valued at $12,080,000 after acquiring an additional 219,057 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after purchasing an additional 112,286 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Spirit AeroSystems during the 4th quarter worth approximately $520,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems in the 4th quarter valued at approximately $32,000. Finally, Oak Family Advisors LLC bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth $999,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPR. Royal Bank of Canada restated 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 assumed coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Stock Up 0.7%

SPR stock traded up $0.28 during trading on Thursday, hitting $37.39. 644,955 shares of the company's stock traded hands, compared to its average volume of 1,972,239. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.86. The business has a fifty day simple moving average of $34.18 and a two-hundred day simple moving average of $33.59. The firm has a market capitalization of $4.38 billion, a P/E ratio of -3.01 and a beta of 1.63.

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 the consensus estimate of ($1.14) by ($3.11). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. The company's revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.93) earnings per share. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal 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.