Scopia Capital Management LP Decreased Its Spirit Aerosystems Hldgs INC (SPR) Holding as Market Valuation Declined

August 9, 2018 - By Mary Kidd

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) LogoInvestors sentiment decreased to 1.02 in 2018 Q1. Its down 0.17, from 1.19 in 2017Q4. It dived, as 29 investors sold SPR shares while 125 reduced holdings. 62 funds opened positions while 95 raised stakes. 105.26 million shares or 3.07% less from 108.59 million shares in 2017Q4 were reported. Manufacturers Life Insur Commerce The reported 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Millennium Management Ltd Liability Company stated it has 397,898 shares or 0.04% of all its holdings. Bessemer Grp owns 2,528 shares. Stifel stated it has 0.02% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Principal Fincl Grp Incorporated invested in 16,188 shares or 0% of the stock. Point72 Asia (Hong Kong) Ltd invested in 2,769 shares. Cibc Markets Corporation invested 0.03% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Montag A And has invested 0.16% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Boston Prtnrs holds 0.52% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 5.18 million shares. Carroll Financial Associates has invested 0% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Cibc Asset Management reported 3,966 shares or 0% of all its holdings. Robeco Institutional Asset Mngmt Bv reported 205,231 shares stake. Virtu Fincl Lc owns 14,316 shares or 0.06% of their US portfolio. Caisse De Depot Et Placement Du Quebec has 0.06% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Paloma Ptnrs Mngmt Co stated it has 0.03% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR).

Scopia Capital Management Lp decreased its stake in Spirit Aerosystems Hldgs Inc (SPR) by 16.85% based on its latest 2018Q1 regulatory filing with the SEC. Scopia Capital Management Lp sold 975,731 shares as the company’s stock declined 5.93% with the market. The hedge fund held 4.81M shares of the capital goods company at the end of 2018Q1, valued at $402.97M, down from 5.79 million at the end of the previous reported quarter. Scopia Capital Management Lp who had been investing in Spirit Aerosystems Hldgs Inc for a number of months, seems to be less bullish one the $9.35B market cap company. The stock increased 0.70% or $0.61 during the last trading session, reaching $87.79. About 277,446 shares traded. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 58.26% since August 9, 2017 and is uptrending. It has outperformed by 45.69% the S&P500.

Scopia Capital Management Lp, which manages about $7.11 billion and $5.00 billion US Long portfolio, upped its stake in Mallinckrodt Pub Ltd Co (NYSE:MNK) by 4.54 million shares to 8.63 million shares, valued at $124.91 million in 2018Q1, according to the filing. It also increased its holding in Spirit Rlty Cap Inc New (NYSE:SRC) by 1.95M shares in the quarter, for a total of 29.60M shares, and has risen its stake in Ishares Tr (Put) (IWM).

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on November, 7. They expect $1.67 EPS, up 32.54 % or $0.41 from last year’s $1.26 per share. SPR’s profit will be $177.86 million for 13.14 P/E if the $1.67 EPS becomes a reality. After $1.63 actual EPS reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 2.45 % EPS growth.

More notable recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Bizjournals.com which released: “Spirit AeroSystems progresses on Asco deal, builds team around potential future aircraft” on August 01, 2018, also Bizjournals.com with their article: “Parking tin: Past delays reportedly piling up unfinished 737s at Boeing” published on August 03, 2018, Prnewswire.com published: “Spirit AeroSystems and Norsk Titanium Announce Start of Production Qualification for Commercial Aircraft Parts” on July 16, 2018. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) were released by: Bizjournals.com and their article: “Spirit AeroSystems unveils ‘breakthrough’ fabrication process” published on July 18, 2018 as well as Bizjournals.com‘s news article titled: “Boeing Roundup: Backup of 737s… Astronauts named for space station mission” with publication date: August 07, 2018.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Ratings Coverage

Among 9 analysts covering Spirit AeroSystems (NYSE:SPR), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Spirit AeroSystems had 10 analyst reports since February 23, 2018 according to SRatingsIntel. On Thursday, August 2 the stock rating was maintained by Credit Suisse with “Outperform”. Morgan Stanley maintained Spirit AeroSystems Holdings, Inc. (NYSE:SPR) rating on Friday, February 23. Morgan Stanley has “Overweight” rating and $110 target. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has “Buy” rating given on Monday, March 19 by Vertical Research. The rating was maintained by RBC Capital Markets with “Sell” on Friday, April 6. Seaport Global maintained Spirit AeroSystems Holdings, Inc. (NYSE:SPR) rating on Friday, April 20. Seaport Global has “Buy” rating and $11000 target. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, May 3. The firm has “Hold” rating by SunTrust given on Monday, April 23. The rating was maintained by Bank of America on Thursday, August 2 with “Neutral”. Morgan Stanley maintained the shares of SPR in report on Thursday, July 12 with “Overweight” rating.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Institutional Positions Chart

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