Susquehanna Portfolio Strategies LLC Sells 23,748 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Susquehanna Portfolio Strategies LLC decreased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 51.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,461 shares of the aerospace company’s stock after selling 23,748 shares during the quarter. Spirit AeroSystems accounts for approximately 2.6% of Susquehanna Portfolio Strategies LLC’s portfolio, making the stock its 8th largest holding. Susquehanna Portfolio Strategies LLC’s holdings in Spirit AeroSystems were worth $765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPR. Sona Asset Management US LLC purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $10,123,000. Royal Bank of Canada lifted its position in shares of Spirit AeroSystems by 28.7% during the 4th quarter. Royal Bank of Canada now owns 659,083 shares of the aerospace company’s stock valued at $22,461,000 after buying an additional 147,129 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Spirit AeroSystems by 5.0% during the 4th quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company’s stock valued at $1,020,000 after buying an additional 1,418 shares in the last quarter. Ratan Capital Management LP purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $853,000. Finally, ProShare Advisors LLC lifted its position in shares of Spirit AeroSystems by 10.0% during the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company’s stock valued at $263,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Royal Bank of Canada reiterated 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 investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.56.

Spirit AeroSystems Stock Performance

Shares of SPR stock opened at $37.82 on Friday. The stock’s fifty day moving average is $34.39 and its two-hundred day moving average is $33.67. The firm has a market capitalization of $4.44 billion, a P/E ratio of -3.05 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.86.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($3.93) EPS. On average, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 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.