Citigroup Inc. Has $10.21 Million Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Citigroup Inc. grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,282 shares of the aerospace company’s stock after buying an additional 15,712 shares during the quarter. Citigroup Inc. owned 0.21% of Spirit AeroSystems worth $10,206,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Spirit AeroSystems by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 1,245,696 shares of the aerospace company’s stock valued at $60,603,000 after buying an additional 29,000 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Spirit AeroSystems by 16.3% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 7,580 shares of the aerospace company’s stock valued at $358,000 after buying an additional 1,060 shares in the last quarter. Avitas Wealth Management LLC raised its position in shares of Spirit AeroSystems by 45.2% in the 1st quarter. Avitas Wealth Management LLC now owns 66,677 shares of the aerospace company’s stock valued at $3,244,000 after buying an additional 20,753 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Spirit AeroSystems by 50.1% in the 1st quarter. Ameriprise Financial Inc. now owns 770,135 shares of the aerospace company’s stock valued at $37,466,000 after buying an additional 256,914 shares in the last quarter. Finally, Occudo Quantitative Strategies LP raised its position in shares of Spirit AeroSystems by 6.5% in the 1st quarter. Occudo Quantitative Strategies LP now owns 21,593 shares of the aerospace company’s stock valued at $1,050,000 after buying an additional 1,310 shares in the last quarter. Institutional investors own 74.80% of the company’s stock.

SPR opened at $38.49 on Wednesday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $53.63. The company has a debt-to-equity ratio of 6.34, a current ratio of 2.48 and a quick ratio of 1.62. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of -5.27 and a beta of 2.09. The company’s 50 day moving average price is $40.93 and its two-hundred day moving average price is $45.25.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Tuesday, August 3rd. The aerospace company reported ($0.31) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.70) by $0.39. Spirit AeroSystems had a negative net margin of 21.15% and a negative return on equity of 52.84%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $956.45 million. During the same period in the prior year, the firm posted ($2.28) EPS. The company’s quarterly revenue was up 55.3% on a year-over-year basis. As a group, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -2.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Stockholders of record on Monday, September 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Friday, September 10th. Spirit AeroSystems’s dividend payout ratio is currently -0.70%.

Several brokerages have recently commented on SPR. Susquehanna dropped their target price on shares of Spirit AeroSystems from $60.00 to $54.00 and set a “positive” rating for the company in a research report on Thursday, August 5th. Zacks Investment Research raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating and set a $47.00 price target on the stock in a report on Thursday, July 29th. Bank of America raised shares of Spirit AeroSystems from an “underperform” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, August 6th. Credit Suisse Group decreased their price target on shares of Spirit AeroSystems from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Finally, Cowen lifted their price target on shares of Spirit AeroSystems from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, June 22nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $48.27.

Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Other. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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