The Two Sigma Advisers LP Has $23,106,000 Position in Spirit Aerosystems Holdings Inc. (SPR)

The Two Sigma Advisers LP Has $23,106,000 Position in Spirit Aerosystems Holdings Inc. (SPR)

Two Sigma Advisers LP cut its stake in shares of Spirit Aerosystems Holdings Inc. (NYSE:SPR) by 38.7% during the third quarter, Holdings Channel reports. The institutional investor owned 518,769 shares of the company’s stock after selling 327,790 shares during the period. Two Sigma Advisers LP owned 0.40% of Spirit Aerosystems Holdings worth $23,106,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SPR. Vanguard Group Inc. boosted its position in Spirit Aerosystems Holdings by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,265,790 shares of the company’s stock valued at $484,429,000 after buying an additional 147,045 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Spirit Aerosystems Holdings by 3.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,290,605 shares of the company’s stock valued at $146,564,000 after buying an additional 116,567 shares in the last quarter. Numeric Investors LLC boosted its position in Spirit Aerosystems Holdings by 25.2% in the second quarter. Numeric Investors LLC now owns 2,370,483 shares of the company’s stock valued at $101,931,000 after buying an additional 477,100 shares in the last quarter. BlackRock Fund Advisors boosted its position in Spirit Aerosystems Holdings by 7.2% in the third quarter. BlackRock Fund Advisors now owns 1,791,365 shares of the company’s stock valued at $79,787,000 after buying an additional 120,985 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Spirit Aerosystems Holdings by 0.9% in the third quarter. Prudential Financial Inc. now owns 1,756,724 shares of the company’s stock valued at $78,244,000 after buying an additional 15,663 shares in the last quarter.

Shares of Spirit Aerosystems Holdings Inc. (NYSE:SPR) opened at 56.64 on Thursday. Spirit Aerosystems Holdings Inc. has a one year low of $40.03 and a one year high of $61.55. The company has a 50 day moving average of $58.98 and a 200-day moving average of $49.96. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 14.85 and a beta of 1.35.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Tuesday, November 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.09. Spirit Aerosystems Holdings had a net margin of 7.32% and a return on equity of 29.92%. The firm earned $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts anticipate that Spirit Aerosystems Holdings Inc. will post $4.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 9th. Investors of record on Monday, December 19th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, December 15th. Spirit Aerosystems Holdings’s payout ratio is 10.50%.

Several equities analysts recently issued reports on SPR shares. Zacks Investment Research cut shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. JPMorgan Chase & Co. cut shares of Spirit Aerosystems Holdings from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $61.00 to $67.00 in a research note on Friday, December 9th. Deutsche Bank AG boosted their target price on shares of Spirit Aerosystems Holdings from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, December 5th. Vertical Research started coverage on shares of Spirit Aerosystems Holdings in a research note on Friday, October 28th. They issued a “hold” rating for the company. Finally, Robert W. Baird started coverage on shares of Spirit Aerosystems Holdings in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $54.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.52.

In other news, Director John L. Plueger bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was purchased at an average price of $59.49 per share, with a total value of $118,980.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $118,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

About Spirit Aerosystems Holdings

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero-structures. The Company is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

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