Quantbot Technologies LP Sells 14,452 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Quantbot Technologies LP lowered its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,509 shares of the aerospace company’s stock after selling 14,452 shares during the quarter. Quantbot Technologies LP owned 0.08% of Spirit AeroSystems worth $3,040,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC acquired a new position in shares of Spirit AeroSystems in the second quarter valued at $30,000. Waldron Private Wealth LLC bought a new stake in Spirit AeroSystems in the 3rd quarter valued at $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems in the 3rd quarter valued at $49,000. Quarry LP lifted its holdings in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $32.52 on Thursday. The stock’s fifty day moving average price is $32.11 and its two-hundred day moving average price is $32.77. The company has a market cap of $3.80 billion, a price-to-earnings ratio of -2.62 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 52-week low of $25.16 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) 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 analyst estimates of $1.83 billion. On average, equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current fiscal year.

Analysts Set New Price Targets

SPR has been the subject of several recent research reports. StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Sunday. They issued a “sell” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems 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.