Permian Investment Partners Lp adds Spirit AeroSystems Holdings (SPR) to its portfolio

Spirit AeroSystems Holdings (SPR) : Permian Investment Partners Lp added new position in Spirit AeroSystems Holdings during the most recent quarter end. The investment management firm now holds 630,000 shares of Spirit AeroSystems Holdings which is valued at $27,927,900 , the company said in a statement filed on Aug 15, 2016 with the SEC.Spirit AeroSystems Holdings makes up approximately 3.84% of Permian Investment Partners Lp’s portfolio.

Other Hedge Funds, Including , Absolute Return Capital boosted its stake in SPR in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 9,773 shares of Spirit AeroSystems Holdings which is valued at $433,237. Spirit AeroSystems Holdings makes up approx 0.02% of Absolute Return Capital’s portfolio.Omers Administration Corp reduced its stake in SPR by selling 81,300 shares or 68.96% in the most recent quarter. The Hedge Fund company now holds 36,600 shares of SPR which is valued at $1,622,478. Spirit AeroSystems Holdings makes up approx 0.03% of Omers Administration Corp’s portfolio.Giovine Capital Group reduced its stake in SPR by selling 42,705 shares or 53.54% in the most recent quarter. The Hedge Fund company now holds 37,061 shares of SPR which is valued at $1,642,914. Spirit AeroSystems Holdings makes up approx 2.21% of Giovine Capital Group’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in SPR in the latest quarter, The investment management firm added 11,393 additional shares and now holds a total of 13,551 shares of Spirit AeroSystems Holdings which is valued at $589,875. Spirit AeroSystems Holdings makes up approx 0.01% of Dekabank Deutsche Girozentrale’s portfolio.New York State Teachers Retirement System reduced its stake in SPR by selling 800 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of SPR which is valued at $501,515.

Spirit AeroSystems Holdings closed down -0.12 points or -0.26% at $45.7 with 9,28,878 shares getting traded on Thursday. Post opening the session at $45.76, the shares hit an intraday low of $45.01 and an intraday high of $45.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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