Vident Investment Advisory buys $8.3 Million stake in Spirit AeroSystems Holdings (SPR)

Spirit AeroSystems Holdings (SPR) : Vident Investment Advisory scooped up 108,018 additional shares in Spirit AeroSystems Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 23, 2016. The investment management firm now holds a total of 177,098 shares of Spirit AeroSystems Holdings which is valued at $8.3 Million.Spirit AeroSystems Holdings makes up approximately 0.58% of Vident Investment Advisory’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in SPR by selling 1,169,534 shares or 86.12% in the most recent quarter. The Hedge Fund company now holds 188,447 shares of SPR which is valued at $8.8 Million. Spirit AeroSystems Holdings makes up approx 0.01% of Alliancebernstein’s portfolio.Chicago Equity Partners reduced its stake in SPR by selling 37,835 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 594,165 shares of SPR which is valued at $27.7 Million. Spirit AeroSystems Holdings makes up approx 0.82% of Chicago Equity Partners’s portfolio. Nicholas Investment Partners Lp sold out all of its stake in SPR during the most recent quarter. The investment firm sold 156,293 shares of SPR which is valued $7.3 Million.Spot Trading L.l.c reduced its stake in SPR by selling 200 shares or 61.16% in the most recent quarter. The Hedge Fund company now holds 127 shares of SPR which is valued at $5,926. Schroder Investment Management Group added SPR to its portfolio by purchasing 27,201 company shares during the most recent quarter which is valued at $1.3 Million.

Spirit AeroSystems Holdings opened for trading at $46.9 and hit $47.135 on the upside on Friday, eventually ending the session at $47.08, with a gain of 0.21% or 0.1 points. The heightened volatility saw the trading volume jump to 9,04,335 shares. Company has a market cap of $6,232 M.

On the company’s financial health, Spirit AeroSystems Holdings reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.07. The company had revenue of $1682.00 million for the quarter, compared to analysts expectations of $1687.64 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Spirit AeroSystems Holdings. Spirit AeroSystems Holdings was Downgraded by BofA/Merrill to ” Neutral” on Apr 20, 2016.

Spirit AeroSystems Holdings Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems Propulsion Systems and Wing Systems. Fuselage Systems segment develops produces and markets forward mid and rear fuselage sections and systems primarily to aircraft OEMs as well as related spares and maintenance repair and overhaul support and services (MRO). The Propulsion Systems segment develops produces and markets struts/pylons nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs as well as related spares and MRO services. The Wing Systems segment develops produces and markets forward wings and wing components (including flight control surfaces) and other miscellaneous structural parts primarily to aircraft OEMs as well as related spares and MRO services.

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