Brevan Howard Capital Management LP Sells 122,092 Shares of Spirit Aerosystems Holdings, Inc. $SPR

Brevan Howard Capital Management LP lessened its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 27.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 321,324 shares of the aerospace company’s stock after selling 122,092 shares during the period. Brevan Howard Capital Management LP’s holdings in Spirit Aerosystems were worth $12,352,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPR. Pentwater Capital Management LP grew its stake in shares of Spirit Aerosystems by 1.2% in the 1st quarter. Pentwater Capital Management LP now owns 9,330,000 shares of the aerospace company’s stock worth $321,512,000 after buying an additional 110,000 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Spirit Aerosystems by 25.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 6,502,847 shares of the aerospace company’s stock valued at $248,084,000 after buying an additional 1,328,419 shares in the last quarter. State Street Corp lifted its holdings in shares of Spirit Aerosystems by 14.3% in the 2nd quarter. State Street Corp now owns 4,803,541 shares of the aerospace company’s stock valued at $183,255,000 after acquiring an additional 600,891 shares during the last quarter. Millennium Management LLC grew its position in Spirit Aerosystems by 51.9% in the first quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company’s stock worth $87,722,000 after acquiring an additional 870,263 shares in the last quarter. Finally, Norges Bank bought a new stake in Spirit Aerosystems during the second quarter worth approximately $95,804,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SPR shares. Zacks Research upgraded Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Spirit Aerosystems currently has a consensus rating of “Hold” and an average price target of $38.63.

Spirit Aerosystems Price Performance

Shares of NYSE SPR opened at $39.44 on Friday. The company has a market cap of $4.64 billion, a P/E ratio of -1.78 and a beta of 1.11. The firm has a 50-day simple moving average of $37.60 and a two-hundred day simple moving average of $38.68. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $42.33.

Spirit Aerosystems (NYSE:SPR) last issued its quarterly earnings results on Friday, October 31st. The aerospace company reported ($4.87) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($4.50). The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the firm posted ($3.03) EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

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.