Spartan Motors, Inc. (SPAR) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. raised its stake in shares of Spartan Motors, Inc. (NASDAQ:SPAR) by 16.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,871 shares of the company’s stock after buying an additional 2,513 shares during the period. Eqis Capital Management Inc. owned about 0.05% of Spartan Motors worth $158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American International Group Inc. raised its position in shares of Spartan Motors by 7.0% in the first quarter. American International Group Inc. now owns 20,470 shares of the company’s stock valued at $164,000 after buying an additional 1,346 shares during the last quarter. Eagle Global Advisors LLC raised its position in shares of Spartan Motors by 4.1% in the first quarter. Eagle Global Advisors LLC now owns 44,333 shares of the company’s stock valued at $355,000 after buying an additional 1,750 shares during the last quarter. Exchange Capital Management Inc. raised its position in shares of Spartan Motors by 9.1% in the first quarter. Exchange Capital Management Inc. now owns 30,000 shares of the company’s stock valued at $240,000 after buying an additional 2,500 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Spartan Motors by 12.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,563 shares of the company’s stock valued at $205,000 after buying an additional 2,776 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Spartan Motors by 2.8% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 254,550 shares of the company’s stock valued at $2,035,000 after buying an additional 6,850 shares during the last quarter. 64.72% of the stock is currently owned by hedge funds and other institutional investors.

Spartan Motors, Inc. (NASDAQ:SPAR) opened at 8.80 on Friday. The firm has a market cap of $308.82 million, a PE ratio of 82.24 and a beta of 1.11. The firm has a 50-day moving average price of $8.90 and a 200 day moving average price of $8.26. Spartan Motors, Inc. has a 12-month low of $6.30 and a 12-month high of $10.50.

Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $167.83 million. Spartan Motors had a return on equity of 5.57% and a net margin of 0.59%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Equities research analysts forecast that Spartan Motors, Inc. will post $0.50 EPS for the current year.

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SPAR has been the topic of several research reports. Zacks Investment Research lowered Spartan Motors from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. TheStreet upgraded Spartan Motors from a “c” rating to a “b-” rating in a research note on Monday, May 15th. BidaskClub downgraded Spartan Motors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Roth Capital set a $12.00 target price on Spartan Motors and gave the company a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Spartan Motors presently has an average rating of “Buy” and a consensus target price of $10.67.

Spartan Motors Company Profile

Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.

Institutional Ownership by Quarter for Spartan Motors (NASDAQ:SPAR)

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