Quantbot Technologies LP Has $3.04 Million Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Quantbot Technologies LP lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,509 shares of the aerospace company’s stock after selling 14,452 shares during the quarter. Quantbot Technologies LP’s holdings in Spirit AeroSystems were worth $3,040,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Alpine Associates Management Inc. acquired a new position in Spirit AeroSystems in the third quarter valued at about $77,296,000. International Assets Investment Management LLC lifted its stake in Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after buying an additional 25,311 shares during the period. Earnest Partners LLC lifted its stake in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after buying an additional 105,350 shares during the period. Sanctuary Advisors LLC acquired a new position in Spirit AeroSystems in the second quarter valued at about $924,000. Finally, Creative Planning lifted its stake in Spirit AeroSystems by 41.0% in the second quarter. Creative Planning now owns 99,014 shares of the aerospace company’s stock valued at $3,255,000 after buying an additional 28,775 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Price Performance

NYSE SPR opened at $32.52 on Thursday. The firm has a market cap of $3.80 billion, a P/E ratio of -2.62 and a beta of 1.84. The stock’s 50-day moving average is $32.11 and its 200-day moving average is $32.77. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a research note on Sunday. They issued a “sell” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.67.

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.