Marshall Wace LLP Decreases Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Marshall Wace LLP lowered its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 14.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 409,206 shares of the aerospace company’s stock after selling 70,845 shares during the quarter. Marshall Wace LLP’s holdings in Spirit AeroSystems were worth $13,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $105,879,000. National Bank of Canada FI increased its position in Spirit AeroSystems by 47.2% during the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock worth $125,453,000 after buying an additional 1,181,147 shares in the last quarter. Alpine Associates Management Inc. raised its holdings in shares of Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after acquiring an additional 714,984 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Spirit AeroSystems by 788.3% during the fourth quarter. Bank of Nova Scotia now owns 660,000 shares of the aerospace company’s stock valued at $22,493,000 after acquiring an additional 585,700 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Spirit AeroSystems by 1,295.0% during the 4th quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company’s stock worth $11,103,000 after purchasing an additional 302,439 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPR. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.56.

Spirit AeroSystems Stock Up 0.7 %

NYSE:SPR opened at $33.47 on Monday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.08. The firm’s 50 day moving average is $33.62 and its two-hundred day moving average is $33.14. The company has a market cap of $3.91 billion, a P/E ratio of -2.70 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 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.