Sparton Co. (SPA) Stake Lessened by Schwab Charles Investment Management Inc.

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Schwab Charles Investment Management Inc. cut its holdings in Sparton Co. (NYSE:SPA) by 39.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,613 shares of the electronics maker’s stock after selling 59,455 shares during the period. Schwab Charles Investment Management Inc. owned about 0.91% of Sparton worth $1,702,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in Sparton by 34.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 18,322 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 4,680 shares during the period. Bank of New York Mellon Corp grew its holdings in Sparton by 10.3% during the second quarter. Bank of New York Mellon Corp now owns 77,028 shares of the electronics maker’s stock valued at $1,463,000 after purchasing an additional 7,185 shares during the period. United Capital Financial Advisers LLC bought a new position in Sparton during the first quarter valued at $174,000. Millennium Management LLC bought a new position in Sparton during the first quarter valued at $661,000. Finally, Ancora Advisors LLC grew its holdings in Sparton by 615.8% during the first quarter. Ancora Advisors LLC now owns 123,222 shares of the electronics maker’s stock valued at $2,145,000 after purchasing an additional 106,008 shares during the period. 71.35% of the stock is owned by institutional investors.

Separately, ValuEngine lowered Sparton from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.

Shares of NYSE SPA opened at $14.24 on Friday. Sparton Co. has a 1-year low of $11.95 and a 1-year high of $23.40. The firm has a market cap of $141.91 million, a price-to-earnings ratio of 14.58 and a beta of 1.09. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.12 and a quick ratio of 1.04.

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).

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Institutional Ownership by Quarter for Sparton (NYSE:SPA)

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