Two Sigma Advisers LP raised its position in shares of Spartan Motors (NASDAQ:SPAR) by 86.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,769 shares of the company’s stock after purchasing an additional 35,100 shares during the quarter. Two Sigma Advisers LP owned 0.22% of Spartan Motors worth $1,193,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SPAR. Teacher Retirement System of Texas purchased a new stake in Spartan Motors during the 4th quarter valued at about $179,000. Citadel Advisors LLC purchased a new stake in Spartan Motors during the 4th quarter valued at about $226,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Spartan Motors during the 4th quarter valued at about $237,000. USA Financial Portformulas Corp acquired a new position in shares of Spartan Motors in the 4th quarter valued at about $307,000. Finally, Virtu Financial LLC acquired a new position in shares of Spartan Motors in the 4th quarter valued at about $435,000. Institutional investors and hedge funds own 66.43% of the company’s stock.
SPAR has been the subject of several analyst reports. BidaskClub raised Spartan Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut Spartan Motors from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Seaport Global Securities reissued a “buy” rating on shares of Spartan Motors in a report on Tuesday, January 16th. Finally, ValuEngine raised Spartan Motors from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Spartan Motors presently has an average rating of “Buy” and an average price target of $20.00.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $174.09 million. Spartan Motors had a return on equity of 9.32% and a net margin of 2.25%. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. equities research analysts expect that Spartan Motors will post 0.61 earnings per share for the current fiscal year.
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Spartan Motors Company Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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