Kalos Management Inc. Cuts Stake in Sparton Corp. (SPA)

Kalos Management Inc. cut its position in shares of Sparton Corp. (NYSE:SPA) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 33,478 shares of the company’s stock after selling 424 shares during the period. Kalos Management Inc.’s holdings in Sparton Corp. were worth $729,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. ZPR Investment Management bought a new stake in Sparton Corp. during the first quarter worth approximately $763,000. Beddow Capital Management Inc. increased its stake in Sparton Corp. by 10.2% in the first quarter. Beddow Capital Management Inc. now owns 628,715 shares of the company’s stock worth $11,311,000 after buying an additional 58,135 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in Sparton Corp. by 3.0% in the first quarter. Kennedy Capital Management Inc. now owns 399,038 shares of the company’s stock worth $7,179,000 after buying an additional 11,521 shares in the last quarter. Geode Capital Management LLC increased its stake in Sparton Corp. by 2.2% in the first quarter. Geode Capital Management LLC now owns 56,347 shares of the company’s stock worth $1,013,000 after buying an additional 1,226 shares in the last quarter. Finally, Capital Management Corp VA increased its stake in Sparton Corp. by 29.7% in the second quarter. Capital Management Corp VA now owns 119,120 shares of the company’s stock worth $2,593,000 after buying an additional 27,300 shares in the last quarter. Institutional investors and hedge funds own 67.03% of the company’s stock.

Institutional Ownership by Quarter for Sparton Corp. (NYSE:SPA)

Shares of Sparton Corp. (NYSE:SPA) traded up 1.01% during midday trading on Wednesday, hitting $25.03. The company’s stock had a trading volume of 90,965 shares. The company has a 50-day moving average price of $24.73 and a 200 day moving average price of $21.73. The company’s market cap is $245.09 million. Sparton Corp. has a 1-year low of $11.19 and a 1-year high of $26.43.

Sparton Corp. (NYSE:SPA) last announced its earnings results on Tuesday, September 6th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.18. The firm had revenue of $107.10 million for the quarter. Sparton Corp. had a positive return on equity of 13.39% and a negative net margin of 9.13%. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that Sparton Corp. will post $1.53 EPS for the current year.

SPA has been the subject of a number of recent analyst reports. CJS Securities downgraded Sparton Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a report on Tuesday, September 20th. Zacks Investment Research upgraded Sparton Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, B. Riley restated a “neutral” rating and issued a $24.00 price target on shares of Sparton Corp. in a report on Monday, September 12th. Five investment analysts have rated the stock with a hold rating, Sparton Corp. has an average rating of “Hold” and an average target price of $24.33.

Sparton Corp. Company Profile

Sparton Corporation, through its subsidiaries, provides design, development and manufacturing services for complex electromechanical devices, as well as sophisticated engineered products. The Company operates in two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).

5 Day Chart for NYSE:SPA

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