Duality Advisers LP Cuts Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Duality Advisers LP lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 62.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,248 shares of the aerospace company’s stock after selling 52,619 shares during the quarter. Duality Advisers LP’s holdings in Spirit AeroSystems were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new position in shares of Spirit AeroSystems in the 3rd quarter worth approximately $934,000. Vanguard Group Inc. boosted its holdings in shares of Spirit AeroSystems by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock worth $160,886,000 after purchasing an additional 51,387 shares during the period. Fulton Bank N.A. purchased a new position in shares of Spirit AeroSystems in the 4th quarter worth approximately $253,000. SG Americas Securities LLC purchased a new position in shares of Spirit AeroSystems in the 4th quarter worth approximately $236,000. Finally, HB Wealth Management LLC lifted its stake in shares of Spirit AeroSystems by 3.2% during the 4th quarter. HB Wealth Management LLC now owns 15,035 shares of the aerospace company’s stock worth $478,000 after acquiring an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

SPR stock traded up $0.12 on Friday, hitting $34.61. 2,721,279 shares of the company’s stock were exchanged, compared to its average volume of 3,785,958. Spirit AeroSystems Holdings, Inc. has a 12-month low of $14.65 and a 12-month high of $36.34. The firm has a 50 day moving average price of $31.63 and a two-hundred day moving average price of $31.36. The stock has a market cap of $4.03 billion, a P/E ratio of -3.97 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business posted ($1.69) EPS. Spirit AeroSystems’s revenue was up 19.0% compared to the same quarter last year. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPR has been the subject of a number of research analyst reports. UBS Group raised their price target on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Royal Bank of Canada raised their price target on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. Stifel Nicolaus raised their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a research note on Monday. Barclays reaffirmed an “equal weight” rating and set a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Spirit AeroSystems in a research report on Monday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.49.

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.