Agf Investments Has Cut Hudbay Minerals (HBM) Stake; Sparton (SPA) Sentiment Is 1.5

May 18, 2018 - By Natalie Daughtry

Hudbay Minerals Inc. (NYSE:HBM) Logo

Agf Investments Inc decreased Hudbay Minerals Inc. (HBM) stake by 36.32% reported in 2017Q4 SEC filing. Agf Investments Inc sold 839,415 shares as Hudbay Minerals Inc. (HBM)’s stock declined 17.54%. The Agf Investments Inc holds 1.47 million shares with $13.03 million value, down from 2.31 million last quarter. Hudbay Minerals Inc. now has $1.89B valuation. The stock decreased 1.02% or $0.075 during the last trading session, reaching $7.275. About 92,088 shares traded. Hudbay Minerals Inc. (NYSE:HBM) has risen 6.02% since May 18, 2017 and is uptrending. It has underperformed by 5.53% the S&P500.

Sparton Corp (SPA) investors sentiment increased to 1.5 in Q4 2017. It’s up 0.18, from 1.32 in 2017Q3. The ratio increased, as 39 active investment managers opened new and increased stock positions, while 26 sold and decreased holdings in Sparton Corp. The active investment managers in our database now own: 6.01 million shares, down from 6.38 million shares in 2017Q3. Also, the number of active investment managers holding Sparton Corp in top ten stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 11 Reduced: 15 Increased: 26 New Position: 13.

More recent Sparton Corporation (NYSE:SPA) news were published by: Businesswire.com which released: “Sparton and Raytheon Team on Next Generation Mine Neutralization System” on May 16, 2018. Also Businesswire.com published the news titled: “Sparton Corporation Introduces a New 24″ Rugged 4k Military LCD Display” on May 15, 2018. Businesswire.com‘s news article titled: “Sparton Corporation Reports Fiscal 2018 Third Quarter Results” with publication date: May 09, 2018 was also an interesting one.

Kellner Capital Llc holds 1.77% of its portfolio in Sparton Corporation for 96,700 shares. Gardner Lewis Asset Management L P owns 436,495 shares or 0.85% of their US portfolio. Moreover, Longfellow Investment Management Co Llc has 0.68% invested in the company for 121,640 shares. The New York-based Gabelli & Co Investment Advisers Inc. has invested 0.55% in the stock. Gam Holding Ag, a Switzerland-based fund reported 472,399 shares.

The stock decreased 0.34% or $0.0597 during the last trading session, reaching $17.5903. About 16,716 shares traded. Sparton Corporation (SPA) has declined 15.82% since May 18, 2017 and is downtrending. It has underperformed by 27.37% the S&P500.

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 has market cap of $173.00 million. The firm operates through two divisions, Manufacturing & Design Services , and Engineered Components & Products (ECP). It currently has negative earnings. The MDS segment is involved in the contract design, manufacture, and aftermarket repair and refurbishment of printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses, as well as development of embedded software and software quality assurance services in connection with medical devices and diagnostic equipment.

Among 6 analysts covering Hudbay Minerals Inc (NYSE:HBM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Hudbay Minerals Inc had 15 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Macquarie Research given on Tuesday, March 27. Raymond James maintained Hudbay Minerals Inc. (NYSE:HBM) on Thursday, September 3 with “Outperform” rating. RBC Capital Markets upgraded Hudbay Minerals Inc. (NYSE:HBM) rating on Monday, May 16. RBC Capital Markets has “Outperform” rating and $7.50 target. BMO Capital Markets upgraded the stock to “Outperform” rating in Thursday, September 29 report. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, August 2 report. The rating was upgraded by Canaccord Genuity to “Hold” on Thursday, August 6. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, April 19 report. The stock of Hudbay Minerals Inc. (NYSE:HBM) has “Market Perform” rating given on Monday, October 2 by BMO Capital Markets. Credit Suisse maintained the shares of HBM in report on Monday, September 11 with “Neutral” rating. As per Thursday, January 14, the company rating was downgraded by Barclays Capital.

Agf Investments Inc increased Ishares Msci India Etf (INDA) stake by 252,623 shares to 279,639 valued at $10.09M in 2017Q4. It also upped Pdc Energy Inc. (NASDAQ:PDCE) stake by 11,174 shares and now owns 26,496 shares. Shaw Communications Inc. (NYSE:SJR) was raised too.

Analysts await Hudbay Minerals Inc. (NYSE:HBM) to report earnings on August, 2. They expect $0.16 earnings per share, up 77.78% or $0.07 from last year’s $0.09 per share. HBM’s profit will be $41.46 million for 11.37 P/E if the $0.16 EPS becomes a reality. After $0.17 actual earnings per share reported by Hudbay Minerals Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Sparton Corporation (NYSE:SPA) Institutional Positions Chart

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