Sparton (SPA) Lifted to C at TheStreet

TheStreet upgraded shares of Sparton (NYSE:SPA) from a d+ rating to a c rating in a research note issued to investors on Monday morning.

Shares of NYSE SPA opened at $18.42 on Monday. Sparton has a twelve month low of $11.95 and a twelve month high of $23.10. The company has a market capitalization of $181.17 million, a PE ratio of 14.74 and a beta of 0.53.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Sparton by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 789,910 shares of the electronics maker’s stock worth $14,368,000 after buying an additional 37,955 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Sparton by 14.3% in the 4th quarter. BlackRock Inc. now owns 617,829 shares of the electronics maker’s stock worth $11,239,000 after buying an additional 77,145 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sparton by 9.6% in the 3rd quarter. Renaissance Technologies LLC now owns 608,935 shares of the electronics maker’s stock worth $8,787,000 after buying an additional 53,500 shares during the last quarter. Water Island Capital LLC boosted its stake in shares of Sparton by 3,974.5% in the 4th quarter. Water Island Capital LLC now owns 407,450 shares of the electronics maker’s stock worth $7,412,000 after buying an additional 397,450 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Sparton by 9.8% in the 4th quarter. Gabelli Funds LLC now owns 352,917 shares of the electronics maker’s stock worth $6,420,000 after buying an additional 31,443 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Sparton Company Profile

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 operates through two segments, Manufacturing & Design Services (MDS), and Engineered Components & Products (ECP).

Featured Story: Leveraged Buyout (LBO) Explained

Receive News & Ratings for Sparton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sparton and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit