Are Analysts Bullish Sparton Corporation (NYSE:SPA) After Last Week?

February 15, 2018 - By Adrian Erickson

 Are Analysts Bullish Sparton Corporation (NYSE:SPA) After Last Week?
Investors sentiment decreased to 1.32 in Q3 2017. Its down 0.18, from 1.5 in 2017Q2. It dived, as 15 investors sold Sparton Corporation shares while 19 reduced holdings. 23 funds opened positions while 22 raised stakes. 6.38 million shares or 1.34% less from 6.46 million shares in 2017Q2 were reported.
Schwab Charles Investment Inc accumulated 14,600 shares. Texas-based Usca Ria Limited Co has invested 0.28% in Sparton Corporation (NYSE:SPA). Dupont Corp, Delaware-based fund reported 56,000 shares. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Sparton Corporation (NYSE:SPA). Franklin Res Inc has invested 0% in Sparton Corporation (NYSE:SPA). Royal Fincl Bank Of Canada owns 30,215 shares. Gamco Invsts Inc Et Al invested 0.01% in Sparton Corporation (NYSE:SPA). Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 150,000 shares. North Star Invest invested in 0% or 1,146 shares. D E Shaw Co reported 36,830 shares. Invesco Limited reported 34,986 shares. Prelude Mgmt Limited invested in 0.12% or 59,257 shares. Amer International Grp Inc Inc reported 6,466 shares stake. Wells Fargo Co Mn reported 10,538 shares. Bnp Paribas Arbitrage Sa reported 908 shares or 0% of all its holdings.

Sparton Corporation (NYSE:SPA) Ratings Coverage

Among 3 analysts covering Sparton Corp (NYSE:SPA), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Sparton Corp had 4 analyst reports since October 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 4 by B. Riley & Co. The firm earned “Buy” rating on Monday, October 5 by Sidoti. The rating was downgraded by CJS Securities to “Market Perform” on Tuesday, September 20. The firm earned “Neutral” rating on Wednesday, May 4 by Sidoti. Below is a list of Sparton Corporation (NYSE:SPA) latest ratings and price target changes.

The stock increased 0.04% or $0.01 during the last trading session, reaching $22.83. About 3,898 shares traded. Sparton Corporation (NYSE:SPA) has declined 7.28% since February 15, 2017 and is downtrending. It has underperformed by 23.98% the S&P500.

Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. The company has market cap of $224.53 million. The firm operates through two divisions, Manufacturing & Design Services , and Engineered Components & Products (ECP). It currently has negative earnings. The MDS segment is involved in the contract design, manufacture, and aftermarket repair and refurbishment of printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses, as well as development of embedded software and software quality assurance services in connection with medical devices and diagnostic equipment.

More notable recent Sparton Corporation (NYSE:SPA) news were published by: Benzinga.com which released: “Ultra Electronics Confirms Advanced Discussions to Acquire Sparton Corp.” on June 26, 2017, also Seekingalpha.com with their article: “Sparton finalized deal to be acquired by Ultra Electronics” published on July 07, 2017, Businesswire.com published: “Sparton Announces Completion of CFIUS Process” on November 21, 2017. More interesting news about Sparton Corporation (NYSE:SPA) were released by: Seekingalpha.com and their article: “Sparton: Low-Risk Merger Arbitrage Opportunity With 36% Upside” published on July 05, 2017 as well as Twst.com‘s news article titled: “Sparton Corporation: Sparton Announces Extension of Outside Date Under Merger …” with publication date: January 31, 2018.

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