Inspire Investing LLC Cuts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Inspire Investing LLC decreased its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,864 shares of the aerospace company’s stock after selling 718 shares during the period. Inspire Investing LLC’s holdings in Spirit AeroSystems were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC grew its position in Spirit AeroSystems by 1,295.0% in the fourth quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company’s stock valued at $11,103,000 after acquiring an additional 302,439 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter valued at $231,000. Oak Thistle LLC grew its holdings in Spirit AeroSystems by 12.1% during the 4th quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock valued at $496,000 after purchasing an additional 1,568 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Spirit AeroSystems by 100.0% in the 4th quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company’s stock worth $340,000 after buying an additional 5,000 shares in the last quarter. Finally, Wedmont Private Capital acquired a new stake in shares of Spirit AeroSystems during the fourth quarter valued at about $253,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

Shares of NYSE:SPR opened at $34.23 on Friday. Spirit AeroSystems Holdings, Inc. has a 1-year low of $25.16 and a 1-year high of $37.08. The company’s fifty day moving average is $33.18 and its two-hundred day moving average is $33.33. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -2.76 and a beta of 1.81.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results 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 business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a report on Sunday, January 19th. They issued a “sell” rating for the company. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems has an average rating of “Hold” and an average price target of $35.67.

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.