Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Position Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,341,403 shares of the aerospace company’s stock after selling 86,408 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Spirit AeroSystems were worth $43,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPR. Byrne Asset Management LLC bought a new position in shares of Spirit AeroSystems in the second quarter valued at $30,000. Waldron Private Wealth LLC acquired a new position in shares of Spirit AeroSystems in the 3rd quarter worth $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems in the 3rd quarter worth $49,000. Quarry LP raised its position in shares of Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after purchasing an additional 771 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPR. StockNews.com started coverage on Spirit AeroSystems in a report on Monday. They set a “sell” rating on the stock. 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, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Stock Down 0.5 %

Shares of NYSE:SPR opened at $32.36 on Monday. The firm has a fifty day moving average of $32.08 and a two-hundred day moving average of $32.80. Spirit AeroSystems Holdings, Inc. has a 12-month low of $25.16 and a 12-month high of $37.08. The firm has a market capitalization of $3.78 billion, a P/E ratio of -2.61 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last released 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 analysts’ expectations of $1.83 billion. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share 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.