Spartan Motors, Inc. (SPAR)’s Double Top Points to Lower Stock Risks

March 15, 2018 - By Michael Collier

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.30, from 1.15 in 2017Q2. It is negative, as 3 investors sold Spartan Motors, Inc. shares while 45 reduced holdings. 22 funds opened positions while 19 raised stakes. 22.47 million shares or 2.06% less from 22.94 million shares in 2017Q2 were reported.
Invesco Limited owns 0% invested in Spartan Motors, Inc. (NASDAQ:SPAR) for 159,051 shares. Morgan Stanley owns 117,658 shares. Voya Investment Mngmt Limited Liability Company owns 19,185 shares. Millennium Mngmt owns 518,143 shares or 0.01% of their US portfolio. 1.03M were reported by Segall Bryant & Hamill Ltd Llc. Systematic Mngmt Limited Partnership reported 85,850 shares. 7,383 were reported by Tower Rech Cap Limited (Trc). Kirr Marbach Co Ltd Company In holds 0.12% of its portfolio in Spartan Motors, Inc. (NASDAQ:SPAR) for 50,435 shares. Ny State Common Retirement Fund invested in 476,701 shares or 0.01% of the stock. Parametric Port Associates Ltd Company accumulated 58,649 shares or 0% of the stock. 700,000 were reported by Heartland Advsr. The New York-based Gabelli Funds Ltd Co has invested 0.01% in Spartan Motors, Inc. (NASDAQ:SPAR). Northern Corporation reported 0% in Spartan Motors, Inc. (NASDAQ:SPAR). Nationwide Fund Advisors stated it has 79,711 shares. Gsa Capital Ptnrs Llp accumulated 191,554 shares.

Since December 15, 2017, it had 0 insider buys, and 2 sales for $367,903 activity. 2,650 shares valued at $41,155 were sold by GUILLAUME STEPHEN K on Friday, December 15.

The chart of Spartan Motors, Inc. (SPAR) shows a double top with $17.98 target or 8.00 % above today’s $16.65 share price. The 7 months chart pattern indicates low risk for the $584.24M company. It was reported on Mar, 15 by If the $17.98 price target is reached, the company will be worth $46.74M more. Double tops are rare but powerful chart patterns.

The stock decreased 1.19% or $0.2 during the last trading session, reaching $16.65. About 49,809 shares traded. Spartan Motors, Inc. (NASDAQ:SPAR) has risen 45.41% since March 15, 2017 and is uptrending. It has outperformed by 28.71% the S&P500.

Analysts await Spartan Motors, Inc. (NASDAQ:SPAR) to report earnings on May, 3. They expect $0.05 EPS, up 25.00 % or $0.01 from last year’s $0.04 per share. SPAR’s profit will be $1.75M for 83.25 P/E if the $0.05 EPS becomes a reality. After $0.11 actual EPS reported by Spartan Motors, Inc. for the previous quarter, Wall Street now forecasts -54.55 % negative EPS growth.

Spartan Motors, Inc. (NASDAQ:SPAR) Ratings Coverage

Among 4 analysts covering Spartan Motors (NASDAQ:SPAR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Spartan Motors has $20.0 highest and $4 lowest target. $12.25’s average target is -26.43% below currents $16.65 stock price. Spartan Motors had 9 analyst reports since August 6, 2015 according to SRatingsIntel. The company was initiated on Wednesday, January 25 by Roth Capital. Roth Capital maintained Spartan Motors, Inc. (NASDAQ:SPAR) on Tuesday, August 1 with “Buy” rating. As per Tuesday, July 26, the company rating was initiated by Craig Hallum. TH Capital initiated the shares of SPAR in report on Wednesday, January 25 with “Buy” rating. The firm earned “Hold” rating on Thursday, August 6 by Zacks. On Friday, November 6 the stock rating was downgraded by Seaport Global Securities to “Neutral”. Roth Capital maintained the shares of SPAR in report on Tuesday, October 17 with “Buy” rating. The firm has “Buy” rating by Zacks given on Saturday, August 8.

More notable recent Spartan Motors, Inc. (NASDAQ:SPAR) news were published by: which released: “Spartan Motors up 5% on Q4 results” on March 01, 2018, also with their article: “Spartan Motors Introduces Spartan Connected Coach Improved Driver Interface …” published on March 15, 2018, published: “Spartan Motors’ Utilimaster To Demonstrate Vocation-Specific Fleet Vehicle …” on February 27, 2018. More interesting news about Spartan Motors, Inc. (NASDAQ:SPAR) were released by: and their article: “Spartan Motors Highlights Supplier Excellence During Annual Conference” published on March 13, 2018 as well as‘s news article titled: “Spartan Motors To Display Premiere Pumper Innovations On Emergency Response …” with publication date: March 05, 2018.

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