Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Holdings Cut by M&T Bank Corp

M&T Bank Corp reduced its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,475 shares of the aerospace company’s stock after selling 656 shares during the period. M&T Bank Corp’s holdings in Spirit AeroSystems were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SPR. Pentwater Capital Management LP boosted its position in Spirit AeroSystems by 18,132.0% during the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after purchasing an additional 9,066,000 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after purchasing an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $77,296,000. Appian Way Asset Management LP bought a new stake in shares of Spirit AeroSystems in the 2nd quarter valued at approximately $39,969,000. Finally, Bank of Montreal Can increased its holdings in Spirit AeroSystems by 1,744.2% in the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after buying an additional 758,599 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Up 1.5 %

Shares of NYSE:SPR opened at $32.97 on Monday. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -2.65 and a beta of 1.82. The business has a 50 day moving average price of $32.02 and a 200 day moving average price of $32.93. Spirit AeroSystems Holdings, Inc. has a twelve month low of $25.16 and a twelve month high of $37.08.

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

Analyst Upgrades and Downgrades

SPR has been the subject of a number of analyst reports. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Tuesday, December 10th. They issued a “sell” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems currently has an average rating of “Hold” and an average target price of $35.67.

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.