As Sparton Com (SPA) Market Value Declined, Gabelli Securities Has Boosted Its Holding; Osterweis Capital Management Has Increased Its Gtt Communications (GTT) Position by $3.75 Million; Stock Price Declined

GTT Communications, Inc. (NYSE:GTT) Logo

Gabelli Securities Inc increased its stake in Sparton Corp Com (SPA) by 35.22% based on its latest 2018Q3 regulatory filing with the SEC. Gabelli Securities Inc bought 65,770 shares as the company’s stock declined 3.08% with the market. The hedge fund held 252,531 shares of the electrical products company at the end of 2018Q3, valued at $3.64 million, up from 186,761 at the end of the previous reported quarter. Gabelli Securities Inc who had been investing in Sparton Corp Com for a number of months, seems to be bullish on the $181.16 million market cap company. The stock decreased 0.05% or $0.01 during the last trading session, reaching $18.42. About 63,963 shares traded. Sparton Corporation (NYSE:SPA) has declined 42.86% since February 14, 2018 and is downtrending. It has underperformed by 42.86% the S&P500. Some Historical SPA News: 16/05/2018 – SPARTON CORP – WILL TEAM WITH RAYTHEON TO SUPPORT DESIGN, TEST, AND DEPLOYMENT OF BARRACUDA MINE NEUTRALIZATION SYSTEM; 06/03/2018 – SPARTON CORP – PRODUCTION EXPECTED TO BE COMPLETED BY DEC 2019; 05/03/2018 – DOJ: ULTRA ELECTRONICS ABANDONS PROPOSED ACQUISITION OF SPARTON; 08/05/2018 – SPARTON – ERAPSCO TO PROVIDE PRODUCTION SUBCONTRACTS OF $32.0 MLN AND $38.3 MLN TO ULTRA ELECTRONICS USSI, SPARTON DE LEON SPRINGS, LLC RESPECTIVELY; 25/05/2018 – GAMCO REPORTS 7% STAKE IN SPARTON CORPORATION; 05/03/2018 – U.S. JUSTICE DEPARTMENT SAYS ULTRA ELECTRONICS ABANDONS ITS PROPOSED ACQUISITION OF SPARTON CORP. AFTER DEPARTMENT OF JUSTICE EXPRESSES CONCERNS; 09/03/2018 – GAMCO REPORTS 5.92% STAKE IN SPARTON CORPORATION; 08/05/2018 – Ultra Electronics USSI and Sparton Corporation Joint Venture (ERAPSCO) Awarded $70.3m for U.S. Navy Sonobuoy Contracts; 09/05/2018 – Sparton Believes It Will Be Able to Restructure Long-Term Debt to Provide for Sufficient Liquidity for Anticipated Needs for Next 12 Mos; 16/03/2018 – Sparton Resources Inc. Private Placement Financing

Osterweis Capital Management Inc increased its stake in Gtt Communications Inc (GTT) by 69.41% based on its latest 2018Q3 regulatory filing with the SEC. Osterweis Capital Management Inc bought 87,210 shares as the company’s stock declined 27.23% with the market. The hedge fund held 212,857 shares of the public utilities company at the end of 2018Q3, valued at $9.24M, up from 125,647 at the end of the previous reported quarter. Osterweis Capital Management Inc who had been investing in Gtt Communications Inc for a number of months, seems to be bullish on the $1.62 billion market cap company. The stock increased 11.07% or $2.95 during the last trading session, reaching $29.61. About 500,495 shares traded. GTT Communications, Inc. (NYSE:GTT) has declined 20.90% since February 14, 2018 and is downtrending. It has underperformed by 20.90% the S&P500. Some Historical GTT News: 26/04/2018 – GTT’S B2 CORPORATE FAMILY RATING UNCHANGED BY MOODY’S; 16/05/2018 – GTT GETS NOTIFICATION FOR ORDER OF 2 NEW LNG CARRIERS; 21/03/2018 – GTT: GTT NOTIFIED FOR DESIGN OF LNG TANKS OF 2 NEW LNG CARRIERS; 21/03/2018 – GTT GTT.PA – DELIVERY IS EXPECTED IN 2020; 26/03/2018 – Aleph and Crestview to Invest $175 Million in GTT as Part of Interoute Acquisition; 07/03/2018 GTT REPORTS END OF TEST PHASE OF NEW LNG BRICK TECH; 26/04/2018 – REG-GTT : NOTICE OF AVAILABILITY OF THE 2017 REGISTRATION DOCUMENT; 23/04/2018 – DJ GTT Communications Inc, Inst Holders, 1Q 2018 (GTT); 12/04/2018 – REG-GTT : REVENUES OF €64.2 MILLION FOR THE FIRST QUARTER OF 2018; 09/03/2018 – Cramer also sits down with the CEO of upcoming telecom GTT Communications

More recent GTT Communications, Inc. (NYSE:GTT) news were published by: Businesswire.com which released: “GTT Expands Network for Carglass as Application Usage Grows – Business Wire” on January 17, 2019. Also Businesswire.com published the news titled: “GTT Announces Earnings Call for Fourth Quarter 2018 – Business Wire” on January 31, 2019. Benzinga.com‘s news article titled: “Insider Buys Of The Week: GTT Communications, Dish Network, Heico – Benzinga” with publication date: January 28, 2019 was also an interesting one.

Osterweis Capital Management Inc, which manages about $1.62B and $1.57B US Long portfolio, decreased its stake in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 19,996 shares to 310,565 shares, valued at $21.03 million in 2018Q3, according to the filing. It also reduced its holding in Danaher Corp Del (NYSE:DHR) by 18,660 shares in the quarter, leaving it with 307,651 shares, and cut its stake in Nextera Energy Inc (NYSE:NEE).

Among 12 analysts covering GTT Communications (NYSE:GTT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. GTT Communications has $6200 highest and $27 lowest target. $47’s average target is 58.73% above currents $29.61 stock price. GTT Communications had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, June 26. The firm has “Buy” rating given on Tuesday, December 13 by Suntrust Robinson. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Tuesday, June 27 by Oppenheimer. The rating was maintained by Oppenheimer on Thursday, April 12 with “Buy”. The rating was maintained by Craig Hallum on Monday, January 22 with “Buy”. The rating was maintained by William Blair with “Buy” on Wednesday, March 28. On Thursday, March 1 the stock rating was maintained by SunTrust with “Buy”. The company was initiated on Thursday, February 18 by Suntrust Robinson. The firm has “Outperform” rating given on Wednesday, December 19 by Raymond James.

Investors sentiment decreased to 1.1 in Q3 2018. Its down 0.29, from 1.39 in 2018Q2. It fall, as 12 investors sold SPA shares while 17 reduced holdings. 10 funds opened positions while 22 raised stakes. 6.36 million shares or 1.48% less from 6.45 million shares in 2018Q2 were reported. Moreover, Teton Advisors has 0.29% invested in Sparton Corporation (NYSE:SPA) for 228,687 shares. Dimensional Fund Limited Partnership holds 0% of its portfolio in Sparton Corporation (NYSE:SPA) for 751,955 shares. 1,151 are held by Meeder Asset Mgmt. Putnam Invests Llc invested in 57,900 shares. Morgan Stanley has 0% invested in Sparton Corporation (NYSE:SPA) for 15,568 shares. Quinn Opportunity Prtn accumulated 10,000 shares or 0.02% of the stock. Bridgeway Mngmt holds 0.01% of its portfolio in Sparton Corporation (NYSE:SPA) for 55,300 shares. Savings Bank Of America Corp De owns 10,411 shares or 0% of their US portfolio. State Street accumulated 0% or 237,892 shares. Moreover, Panagora Asset Management Incorporated has 0% invested in Sparton Corporation (NYSE:SPA) for 18,572 shares. Gabelli Funds Limited Liability accumulated 321,474 shares. Tiaa Cref Mgmt reported 0% in Sparton Corporation (NYSE:SPA). Amer Group Inc Inc Inc accumulated 0% or 6,370 shares. Invesco Limited stated it has 0% in Sparton Corporation (NYSE:SPA). Earnest Ltd Liability Corp stated it has 1,600 shares.

Gabelli Securities Inc, which manages about $1.30 billion and $1.00B US Long portfolio, decreased its stake in Altaba Inc by 32,700 shares to 477,228 shares, valued at $32.51 million in 2018Q3, according to the filing. It also reduced its holding in Dell Technologies Inc Com Cl V by 28,699 shares in the quarter, leaving it with 36,284 shares, and cut its stake in Gci Liberty Inc Com Class A.

Among 3 analysts covering Sparton Corp (NYSE:SPA), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Sparton Corp had 4 analyst reports since October 5, 2015 according to SRatingsIntel. B. Riley & Co upgraded the shares of SPA in report on Thursday, February 4 to “Buy” rating. The firm has “Market Perform” rating by CJS Securities given on Tuesday, September 20. The rating was downgraded by Sidoti to “Neutral” on Wednesday, May 4. The rating was initiated by Sidoti on Monday, October 5 with “Buy”.

Sparton Corporation (NYSE:SPA) Institutional Positions Chart