Hound Partners Lowers stake in Spirit AeroSystems Holdings (SPR)

Spirit AeroSystems Holdings (SPR) : Hound Partners reduced its stake in Spirit AeroSystems Holdings by 0.11% during the most recent quarter end. The investment management company now holds a total of 10,697,220 shares of Spirit AeroSystems Holdings which is valued at $596,156,071 after selling 11,366 shares in Spirit AeroSystems Holdings , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Spirit AeroSystems Holdings makes up approximately 17.08% of Hound Partners’s portfolio.

Other Hedge Funds, Including , Tlp Group sold out all of its stake in SPR during the most recent quarter. The investment firm sold 13,224 shares of SPR which is valued $736,974.Marshall Wace Llp reduced its stake in SPR by selling 1,264,280 shares or 85.5% in the most recent quarter. The Hedge Fund company now holds 214,357 shares of SPR which is valued at $11,682,457. Spirit AeroSystems Holdings makes up approx 0.08% of Marshall Wace Llp’s portfolio. Nomura Asset Management Co Ltd sold out all of its stake in SPR during the most recent quarter. The investment firm sold 1,680 shares of SPR which is valued $91,560.Pegasus Partners Ltd. boosted its stake in SPR in the latest quarter, The investment management firm added 980 additional shares and now holds a total of 16,275 shares of Spirit AeroSystems Holdings which is valued at $874,781. Spirit AeroSystems Holdings makes up approx 0.43% of Pegasus Partners Ltd.’s portfolio.California Public Employees Retirement System boosted its stake in SPR in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 308,400 shares of Spirit AeroSystems Holdings which is valued at $14,957,400. Spirit AeroSystems Holdings makes up approx 0.02% of California Public Employees Retirement System’s portfolio.

Spirit AeroSystems Holdings closed down -0.47 points or -0.84% at $55.51 with 7,32,318 shares getting traded on Monday. Post opening the session at $55.92, the shares hit an intraday low of $55.35 and an intraday high of $55.985 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Spirit AeroSystems Holdings reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.06. The company had revenue of $1711.00 million for the quarter, compared to analysts expectations of $1651.20 million. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

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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