Man Group plc Sells 96,473 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Man Group plc trimmed its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,228,409 shares of the aerospace company's stock after selling 96,473 shares during the quarter. Man Group plc owned approximately 1.05% of Spirit AeroSystems worth $41,864,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Wedmont Private Capital bought a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $253,000. Oak Thistle LLC boosted its holdings in shares of Spirit AeroSystems by 12.1% during the 4th quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company's stock worth $496,000 after buying an additional 1,568 shares during the period. Ballentine Partners LLC acquired a new position in Spirit AeroSystems in the 4th quarter valued at about $231,000. SG Americas Securities LLC raised its holdings in Spirit AeroSystems by 1,295.0% in the 4th quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock valued at $11,103,000 after acquiring an additional 302,439 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Spirit AeroSystems by 52.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,827 shares of the aerospace company's stock worth $301,000 after acquiring an additional 3,030 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

SPR stock traded up $0.06 during midday trading on Tuesday, reaching $37.66. The company had a trading volume of 325,271 shares, compared to its average volume of 1,966,565. The stock has a 50 day moving average price of $34.47 and a 200-day moving average price of $33.71. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.88. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -3.03 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company posted ($3.93) EPS. Spirit AeroSystems's quarterly revenue was down 10.6% on a year-over-year basis. As a group, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SPR shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued 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. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and an average target price of $36.56.

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.