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

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

A number of other hedge funds and other institutional investors have also made changes to their positions in SPR. OMERS ADMINISTRATION Corp increased its stake in Spirit AeroSystems by 41.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 483,700 shares of the aerospace company's stock valued at $16,484,000 after buying an additional 142,400 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Spirit AeroSystems by 6.2% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,952,014 shares of the aerospace company's stock valued at $100,605,000 after buying an additional 171,935 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Spirit AeroSystems in the 4th quarter valued at $9,630,000. Caxton Associates LP increased its stake in Spirit AeroSystems by 113.9% in the 4th quarter. Caxton Associates LP now owns 51,607 shares of the aerospace company's stock valued at $1,759,000 after buying an additional 27,480 shares during the last quarter. Finally, Anson Funds Management LP acquired a new stake in Spirit AeroSystems in the 4th quarter valued at $554,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPR has been the topic of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Trading Up 1.0%

Shares of Spirit AeroSystems stock traded up $0.37 during trading on Friday, hitting $37.82. 975,641 shares of the stock were exchanged, compared to its average volume of 1,978,022. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -3.05 and a beta of 1.63. The company has a fifty day moving average price of $34.39 and a 200-day moving average price of $33.67. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.86.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems's revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.93) EPS. Equities research 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.