Intrust Bank Na Lowers stake in Spirit AeroSystems Holdings (SPR)

Spirit AeroSystems Holdings (SPR) : Intrust Bank Na reduced its stake in Spirit AeroSystems Holdings by 9.35% during the most recent quarter end. The investment management company now holds a total of 56,482 shares of Spirit AeroSystems Holdings which is valued at $2,598,737 after selling 5,825 shares in Spirit AeroSystems Holdings , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Spirit AeroSystems Holdings makes up approximately 1.02% of Intrust Bank Na’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc sold out all of its stake in SPR during the most recent quarter. The investment firm sold 505,802 shares of SPR which is valued $23,271,950. State Of Alaska Department Of Revenue added SPR to its portfolio by purchasing 2,771 company shares during the most recent quarter which is valued at $122,367. Spirit AeroSystems Holdings makes up approx 0.01% of State Of Alaska Department Of Revenue’s portfolio.

Spirit AeroSystems Holdings opened for trading at $43.6 and hit $43.99 on the upside on Monday, eventually ending the session at $43.85, with a gain of 0.74% or 0.32 points. The heightened volatility saw the trading volume jump to 13,47,624 shares. Company has a market cap of $5,805 M.

On the company’s financial health, Spirit AeroSystems Holdings reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.06. The company had revenue of $1829.90 million for the quarter, compared to analysts expectations of $1683.23 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Spirit AeroSystems Holdings. Spirit AeroSystems Holdings was Downgraded by Wells Fargo to ” Market Perform” on Jun 30, 2016. Spirit AeroSystems Holdings was Initiated by Morgan Stanley to “Overweight” on Jun 23, 2016. Spirit AeroSystems Holdings was Upgraded by Buckingham Research to ” Neutral” on Jun 9, 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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