Spartan Motors Inc (SPAR) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its stake in Spartan Motors Inc (NASDAQ:SPAR) by 195.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,369 shares of the company’s stock after purchasing an additional 283,529 shares during the period. Millennium Management LLC owned about 1.22% of Spartan Motors worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of Spartan Motors by 17.0% in the 4th quarter. Citigroup Inc. now owns 10,989 shares of the company’s stock valued at $79,000 after purchasing an additional 1,593 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Spartan Motors by 4.6% in the 3rd quarter. Federated Investors Inc. PA now owns 43,264 shares of the company’s stock valued at $639,000 after purchasing an additional 1,903 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Spartan Motors by 6.5% in the 3rd quarter. Wells Fargo & Company MN now owns 114,025 shares of the company’s stock valued at $1,682,000 after purchasing an additional 6,975 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Spartan Motors by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,540,680 shares of the company’s stock valued at $22,725,000 after purchasing an additional 7,844 shares in the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of Spartan Motors by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 1,540,680 shares of the company’s stock valued at $22,725,000 after purchasing an additional 7,844 shares in the last quarter. Institutional investors own 68.00% of the company’s stock.

A number of research firms have recently weighed in on SPAR. BidaskClub upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded shares of Spartan Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.33.

Shares of NASDAQ SPAR opened at $9.57 on Friday. The company has a market capitalization of $337.14 million, a P/E ratio of 19.94 and a beta of 1.39. Spartan Motors Inc has a 1 year low of $6.70 and a 1 year high of $19.45.

Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The business had revenue of $233.00 million during the quarter, compared to analyst estimates of $217.90 million. Spartan Motors had a net margin of 1.84% and a return on equity of 9.30%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. On average, equities analysts expect that Spartan Motors Inc will post 0.61 earnings per share for the current year.

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About Spartan Motors

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty 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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Institutional Ownership by Quarter for Spartan Motors (NASDAQ:SPAR)

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