River & Mercantile Asset Management LLP decreased the number of shares of Spirit AeroSystems Holdings, INC (NYSE: SPR) that it holds in its portfolio during the third quarter, as stated in the most recent filing that the company made with the Securities and Exchange Commission. Following the sale of 5,270 shares of the aerospace company’s stock during the above period, the institutional investor was left with 57,869 shares of the company’s stock. River & Mercantile Asset Management LLP revealed in its most recent SEC filing that it owns approximately 0.05% of Spirit AeroSystems, valued at approximately $1,268,000.
This percentage is equivalent to the ownership of approximately 1,268,000 shares.
On February 7th, Spirit AeroSystems announced the publication of its most recent quarterly earnings report, which can be located on the company’s website under the ticker symbol “SPR.” The aerospace company reported $1.46 per share for the quarter, which was $1.15 lower than the consensus estimate of $0.31.
The company’s return on equity and net margin were negative for Spirit AeroSystems.
The company’s return on equity was negative by 365.67%, and its net margin was negative by 10.85%.
Despite predictions made by analysts that the company would bring in $1.43 billion in revenue during the quarter, the actual amount that the company was able to bring in was only $1.32 billion. Compared to the previous year’s results for the same period, the company’s losses per share were $0.84.
The company’s quarterly revenue saw a 23.4% increase compared to the same period in the prior year’s financial year. Selling-side analysts expect that Spirit AeroSystems Holdings INC will report a loss of $0.06 per share for the current fiscal year.
A share of SPR stock started the trading day on Thursday for $30.14. Spirit AeroSystems Holdings, INC hit an all-time low of $21.14 during the prior year, while the company reached an all-time high of $50.37 during the same period.
A debt-to-equity ratio comes in at 15.16; a quick ratio at 0.86; a current ratio at 1.62; and a quick ratio at 1.62.
Both the stock’s 50-day and 200-day moving averages are currently located at $34.17, while $29.11 is the current value for the 200-day moving average.
The company’s market capitalization is currently sitting at $3.17 billion, its price-to-earnings ratio stands at -5.77, and its beta stands at 1.65.
Several institutional investors recently changed the percentage of the company’s stock in their portfolios.
These investors made these changes in response to recent market events.
Exchange Traded Concepts LLC invested approximately $32,000 during the third quarter of 2018 to increase the percentage of ownership it holds in Spirit AeroSystems.
During the third quarter, Byrne Asset Management LLC brought its total ownership of Spirit AeroSystems to a level that was 184.2% higher than before.
Byrne Asset Management LLC now has 1,876 shares in the aerospace company thanks to acquiring an additional 1,216 shares in the preceding quarter.
The current value of these shares is $41,000.
During the second quarter, Captrust Financial Advisors was able to bring the total amount of Spirit AeroSystems stock they owned to a level 57.7% higher than before.
The most recent quarter saw Captrust Financial Advisors purchase an additional 794 shares of the aerospace company.
As a result, the firm now directly owns 2,169 of the company’s shares, valued at $64,000.
MetLife Investment Management LLC shelled out approximately 169,000 dollars over the first three months of 2018 to purchase additional ownership in Spirit AeroSystems.
At the end of the third quarter, Harbor Investment Advisors LLC invested $79,000 to add a new position to its portfolio.
This new position consisted of Spirit AeroSystems and was added at the end of the third quarter.
Institutional investors and hedge funds own 85.82% of the company’s common stock. Hedge funds also have a stake in the company.
Regarding the SPR stock, numerous recent analyst reports have been produced. Royal Bank of Canada lowered its rating on Spirit AeroSystems, moving it from “outperform” to “sector perform” in a report made public on Friday, February 3rd.
In addition, the bank brought down the price objective it had set for the company from $38.00 to $36.00, bringing total savings to the company.
The price target that Truist Financial has set for the price of a share of Spirit AeroSystems has been increased from $39.00 to $42.00, as stated in a report that was made public by the company on January 9th, 2019.
In a report on February 8th, the investment research firm Susquehanna gave the company a “positive” rating and increased their price target on Spirit AeroSystems stock from $40.00 to $44.00.
The report was titled “Spirit AeroSystems Price Target Increased.” In a report distributed on March 1st, Sanford C.
Bernstein lowered their price objective for Spirit AeroSystems from $46.00 to $38.00 and downgraded the company from “outperform” to “market perform.” JPMorgan Chase & Co upgraded their rating on Spirit AeroSystems to “overweight” and increased their price objective on the stock from $40.00 to $44.00 in a report published on Wednesday, February 8th.
The company’s stock was the subject of both amendments to the agreement.
There are a total of four equity research analysts who advise clients to sell the stock, four who advise clients to maintain their current holdings in the stock, and five who advise clients to purchase the stock.
According to Bloomberg, the company is presently rated “Hold” on average, and most analysts have determined the price target for the stock to be $38.17.
Aerostructures for both commercial and military aircraft are designed and manufactured by Spirit AeroSystems Holdings, INC Both aircraft categories use these aerostructures in their designs.
It is structured with three separate business divisions: the commercial, defense and space, and aftermarket departments.
The commercial division is in charge of designing and producing every component of the fuselage.
This includes horizontal and vertical stabilizers, floor beams, struts and pylons, flaps and slats, nacelles, and wing structures.