ING Groep NV Decreases Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

ING Groep NV cut its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,100 shares of the aerospace company’s stock after selling 228,200 shares during the period. ING Groep NV owned 0.25% of Spirit AeroSystems worth $9,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its position in Spirit AeroSystems by 15.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 65,928 shares of the aerospace company’s stock valued at $2,247,000 after purchasing an additional 8,994 shares during the period. Rhumbline Advisers raised its position in Spirit AeroSystems by 2.8% during the fourth quarter. Rhumbline Advisers now owns 125,037 shares of the aerospace company’s stock valued at $4,261,000 after purchasing an additional 3,454 shares during the period. Entropy Technologies LP raised its position in Spirit AeroSystems by 37.9% during the fourth quarter. Entropy Technologies LP now owns 20,915 shares of the aerospace company’s stock valued at $713,000 after purchasing an additional 5,746 shares during the period. Empowered Funds LLC purchased a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $366,000. Finally, Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Down 1.7 %

Shares of NYSE:SPR opened at $33.88 on Friday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.30 and a 52-week high of $37.08. The stock has a market cap of $3.96 billion, a P/E ratio of -2.73 and a beta of 1.80. The business’s 50 day moving average is $33.99 and its 200 day moving average is $33.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a research note on Thursday. They set a “sell” rating on the stock. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a strong 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 $36.00.

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.