Wellington Management Group LLP Has $14.69 Million Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Wellington Management Group LLP grew its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.8% in the third quarter, Holdings Channel reports. The institutional investor owned 451,728 shares of the aerospace company’s stock after acquiring an additional 3,424 shares during the period. Wellington Management Group LLP’s holdings in Spirit AeroSystems were worth $14,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in Spirit AeroSystems in the 2nd quarter valued at about $30,000. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $32,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $49,000. Quarry LP grew its holdings in 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 buying an additional 751 shares in the last quarter. Finally, KBC Group NV raised its position in Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after buying an additional 771 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPR shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Tuesday, December 10th. They set a “sell” rating on the stock. One equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Price Performance

NYSE:SPR opened at $32.97 on Friday. The company has a market capitalization of $3.85 billion, a P/E ratio of -2.65 and a beta of 1.82. Spirit AeroSystems Holdings, Inc. has a 1 year low of $25.16 and a 1 year high of $37.08. The business has a fifty day simple moving average of $32.02 and a two-hundred day simple moving average of $32.92.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current year.

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.