Maple Rock Capital Partners Inc. Sells 3,928,920 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Maple Rock Capital Partners Inc. lessened its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 72.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,494,080 shares of the aerospace company’s stock after selling 3,928,920 shares during the period. Spirit AeroSystems makes up about 1.4% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 15th largest position. Maple Rock Capital Partners Inc.’s holdings in Spirit AeroSystems were worth $48,573,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pentwater Capital Management LP boosted its holdings in shares of Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock worth $296,356,000 after purchasing an additional 9,066,000 shares during the period. Earnest Partners LLC lifted its position in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after buying an additional 105,350 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Spirit AeroSystems during the third quarter valued at $77,296,000. Sei Investments Co. raised its stake in shares of Spirit AeroSystems by 5.5% in the second quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company’s stock valued at $55,450,000 after acquiring an additional 88,608 shares during the period. Finally, Appian Way Asset Management LP bought a new stake in shares of Spirit AeroSystems in the 2nd quarter worth about $39,969,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPR. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Monday. They issued a “sell” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Stock Down 1.0 %

Shares of Spirit AeroSystems stock opened at $32.43 on Wednesday. The firm has a market capitalization of $3.79 billion, a P/E ratio of -2.61 and a beta of 1.82. Spirit AeroSystems Holdings, Inc. has a 52 week low of $25.16 and a 52 week high of $37.08. The company has a 50 day moving average price of $32.06 and a 200 day moving average price of $32.82.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current fiscal 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.