SEC Exclusive: Spirit Aerosystems Hldgs INC (SPR) Holder Darsana Capital Partners LP Has Boosted Its Position

SEC Exclusive: Spirit Aerosystems Hldgs INC (SPR) Holder Darsana Capital Partners LP Has Boosted Its Position

Darsana Capital Partners Lp increased its stake in Spirit Aerosystems Hldgs Inc (SPR) by 38.1% based on its latest 2016Q3 regulatory filing with the SEC. Darsana Capital Partners Lp bought 2.00M shares as the company’s stock rose 3.87% with the market. The institutional investor held 7.25 million shares of the capital goods company at the end of 2016Q3, valued at $322.92M, up from 5.25M at the end of the previous reported quarter. Darsana Capital Partners Lp who had been investing in Spirit Aerosystems Hldgs Inc for a number of months, seems to be bullish on the $7.17B market cap company. The stock is up 0.26% or $0.15 after the positive news, hitting $58.86 per share. About 445,276 shares traded hands. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 23.73% since June 7, 2016 and is uptrending. It has outperformed by 16.31% the S&P500.

Darsana Capital Partners Lp, which manages about $989.03 million and $2.00B US Long portfolio, decreased its stake in Priceline Grp Inc (Call) (NASDAQ:PCLN) by 80,000 shares to 30,000 shares, valued at $44.15 million in 2016Q3, according to the filing. It also reduced its holding in Facebook Inc (Call) (NASDAQ:FB) by 50,000 shares in the quarter, leaving it with 250,000 shares, and cut its stake in Delta Air Lines Inc Del (Call) (NYSE:DAL).

Darsana Capital Partners Lp is a New York-based institutional investor with more than $989.03 million AUM in August, 2014. Taken from Darsana Capital Partners latest Adv, the fund reported to have 12 full and part-time employees. Among which 8 performing investment advisory and research functions. The institutional investor had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q3. Its down 0.10, from 0.87 in 2016Q2. The ratio dived, as 43 funds sold all SPR shares owned while 102 reduced positions. 26 funds bought stakes while 86 increased positions. They now own 121.32 million shares or 4.47% less from 127.00 million shares in 2016Q2. The Massachusetts-based Numeric Invsts Limited Liability has invested 0.9% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Pathstone Family Office Ltd has invested 0.34% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Cipher Cap Ltd Partnership holds 0.04% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 14,437 shares. Retail Bank Of America Corp De owns 693,613 shares or 0.01% of their US portfolio. Marble Arch Invests Lp has 2.74M shares for 8.19% of their US portfolio. State Of Wisconsin Inv Board owns 84,735 shares or 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Janus Capital Lc has invested 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Rhumbline Advisers has 0.02% invested in the company for 129,046 shares. Panagora Asset Mngmt, a Massachusetts-based fund reported 526,789 shares. Moreover, State Board Of Administration Of Florida Retirement has 0.03% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 182,239 shares. Ladenburg Thalmann Financial Serv holds 3,248 shares or 0% of its portfolio. Nationwide Fund Advsr accumulated 0.06% or 348,165 shares. Icon Advisers last reported 0.42% of its portfolio in the stock. Twin Tree Management Lp holds 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 8,707 shares.

More notable recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Forbes.com which released: “Spirit AeroSystems Holdings Reaches Analyst Target Price” on January 06, 2017, also Prnewswire.com with their article: “Spirit AeroSystems Holdings, Inc., Reports Second Quarter 2016 Financial …” published on August 03, 2016, Prnewswire.com published: “Spirit AeroSystems to Release Third Quarter 2016 Financial Results November 1” on October 18, 2016. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) were released by: Prnewswire.com and their article: “Spirit AeroSystems announces CEO transition” published on June 08, 2016 as well as Nasdaq.com‘s news article titled: “Spirit Aerosystems Holdings, Inc. (SPR) Ex-Dividend Date Scheduled for …” with publication date: December 14, 2016.

According to Zacks Investment Research, “SPIRIT AEROSYSTEMS is the world’s largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England. In the U.S., Spirit’s core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus.”

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Ratings Coverage

Out of 13 analysts covering Spirit Aerosystems (NYSE:SPR), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Spirit Aerosystems has been the topic of 21 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded Spirit AeroSystems Holdings, Inc. (NYSE:SPR) on Monday, January 18 to “Outperform” rating. Credit Suisse upgraded the shares of SPR in a report on Friday, January 15 to “Outperform” rating. Bernstein upgraded the stock to “Outperform” rating in Tuesday, January 5 report. The stock has “Hold” rating given by Deutsche Bank on Monday, July 11. As per Thursday, June 9, the company rating was upgraded by Buckingham Research. RBC Capital Markets maintained the shares of SPR in a report on Thursday, February 4 with “Sector Perform” rating. The firm has “Hold” rating given on Monday, December 5 by Deutsche Bank. On Wednesday, April 20 the stock rating was downgraded by Bank of America to “Neutral”. The company was initiated on Thursday, June 23 by Morgan Stanley. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, July 30.

SPR Company Profile

Spirit AeroSystems Holdings, Inc., incorporated on February 7, 2005, is a non-original equipment maker (OEM) aircraft parts designer and maker of commercial aero-structures. The Firm is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus S.A.S (Airbus). The Firm operates through three divisions: Fuselage Systems, Propulsion Systems and Wing Systems. The Firm makes aero-structures for Boeing commercial aircraft. The Firm is engaged in production, including airframe content for the Boeing B737. In addition, it is a content supplier of wing systems for the Airbus A320 family. It is a supplier for the Airbus A380 and Airbus A350 XWB (Xtra Wide-Body).

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