Spirit AeroSystems Holdings, Inc. (SPR) is Newtyn Management LLC’s 9th Largest Position
Newtyn Management LLC lowered its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 55.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350,000 shares of the aerospace company’s stock after selling 436,300 shares during the quarter. Spirit AeroSystems comprises about 4.4% of Newtyn Management LLC’s holdings, making the stock its 9th biggest holding. Newtyn Management LLC owned approximately 0.30% of Spirit AeroSystems worth $27,202,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Caxton Associates LP purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at about $420,000. Vident Investment Advisory LLC grew its holdings in shares of Spirit AeroSystems by 7.7% in the third quarter. Vident Investment Advisory LLC now owns 44,539 shares of the aerospace company’s stock valued at $3,462,000 after purchasing an additional 3,174 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of Spirit AeroSystems by 67.5% in the third quarter. Alyeska Investment Group L.P. now owns 554,578 shares of the aerospace company’s stock valued at $43,102,000 after purchasing an additional 223,413 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at about $1,122,000. Finally, B. Riley Financial Inc. purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at about $426,000. 96.21% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a report on Friday, November 17th. Royal Bank Of Canada set a $77.00 target price on shares of Spirit AeroSystems and gave the stock a “sell” rating in a research note on Sunday, November 12th. Berenberg Bank started coverage on shares of Spirit AeroSystems in a research note on Tuesday, November 7th. They set a “buy” rating and a $100.00 target price for the company. Finally, Zacks Investment Research lowered shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $80.95.
In related news, Director Charles L. Chadwell sold 6,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at $1,822,603.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the sale, the senior vice president now directly owns 39,374 shares in the company, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. In the last three months, insiders sold 12,100 shares of company stock valued at $962,099. Insiders own 0.28% of the company’s stock.
Spirit AeroSystems Holdings, Inc. (SPR) traded up $0.79 during midday trading on Friday, hitting $84.95. 505,100 shares of the stock traded hands, compared to its average volume of 1,198,211. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Spirit AeroSystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $84.96. The stock has a market capitalization of $9,730.92, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, December 15th. Spirit AeroSystems’s payout ratio is 14.08%.
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About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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