Giovine Capital Group Lowers stake in Spirit AeroSystems Holdings (SPR)

Spirit AeroSystems Holdings (SPR) : Giovine Capital Group reduced its stake in Spirit AeroSystems Holdings by 53.54% during the most recent quarter end. The investment management company now holds a total of 37,061 shares of Spirit AeroSystems Holdings which is valued at $1,642,914 after selling 42,705 shares in Spirit AeroSystems Holdings , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Spirit AeroSystems Holdings makes up approximately 2.21% of Giovine Capital Group’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in SPR by selling 21,301 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 3,174,038 shares of SPR which is valued at $140,705,105. Spirit AeroSystems Holdings makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Neuberger Berman Group reduced its stake in SPR by selling 123,879 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 1,421,555 shares of SPR which is valued at $61,880,289. Spirit AeroSystems Holdings makes up approx 0.08% of Neuberger Berman Group’s portfolio.Bank Of Hawaii reduced its stake in SPR by selling 1,225 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 19,035 shares of SPR which is valued at $875,800. Spirit AeroSystems Holdings makes up approx 0.09% of Bank Of Hawaii’s portfolio.Ibm Retirement Fund boosted its stake in SPR in the latest quarter, The investment management firm added 4,012 additional shares and now holds a total of 18,272 shares of Spirit AeroSystems Holdings which is valued at $796,842. Spirit AeroSystems Holdings makes up approx 0.03% of Ibm Retirement Fund’s portfolio. Americafirst Capital Management sold out all of its stake in SPR during the most recent quarter. The investment firm sold 8,772 shares of SPR which is valued $387,372.

Spirit AeroSystems Holdings opened for trading at $45.05 and hit $45.66 on the upside on Friday, eventually ending the session at $45.52, with a gain of 0.55% or 0.25 points. The heightened volatility saw the trading volume jump to 9,30,516 shares. Company has a market cap of $5,874 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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