Driehaus Capital Management Continues to Hold Holding in Spartan Motors (SPAR); Sound Shore Management Increases Position in Aon Plc (AON)

August 12, 2018 - By Jack Shaw

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Driehaus Capital Management Llc increased its stake in Spartan Motors Inc (SPAR) by 37.63% based on its latest 2018Q1 regulatory filing with the SEC. Driehaus Capital Management Llc bought 115,372 shares as the company’s stock rose 6.27% while stock markets declined. The hedge fund held 421,928 shares of the capital goods company at the end of 2018Q1, valued at $7.26 million, up from 306,556 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Spartan Motors Inc for a number of months, seems to be bullish on the $512.03M market cap company. The stock decreased 2.35% or $0.35 during the last trading session, reaching $14.55. About 427,450 shares traded or 89.45% up from the average. Spartan Motors, Inc. (NASDAQ:SPAR) has risen 89.41% since August 12, 2017 and is uptrending. It has outperformed by 76.84% the S&P500. Some Historical SPAR News: 15/03/2018 – SPARTAN ENERGY REPORTS SHARE BUYBACK PROGRAM; 26/04/2018 – SPARTAN IS AUTHORIZED TO HOLD SPECIAL MTG ON VERMILION DEAL; 26/04/2018 – SPARTAN ENERGY GETS INTERIM COURT ORDER; 16/04/2018 – VERMILION ENERGY – BOARD OF CO, SPARTAN UNANIMOUSLY APPROVED ARRANGEMENT, RECOMMENDED THAT SPARTAN SHAREHOLDERS VOTE IN FAVOUR OF ARRANGEMENT; 21/03/2018 – Caterpillar Group Meeting Set By Spartan Research for Mar. 28; 16/04/2018 – Vermillion Energy to buy Spartan Energy for about C$1.4 bln; 03/05/2018 – SPARTAN MOTORS INC – SEES 2018 EARNINGS PER SHARE OF $0.58 – $0.64; 16/04/2018 – `Glimmer of Optimism’ for Spartan Energy Held By Single Analyst; 03/05/2018 – Spartan Motors Backs 2018 EBIT $39M-EBIT $42M; 03/05/2018 – SPARTAN MOTORS INC – BACKLOG INCREASED $203.3 MLN TO $554.6 MLN AT MARCH 31, 2018 FROM $351.3 MLN AT MARCH 31, 2017

Sound Shore Management Inc increased its stake in Aon Plc (AON) by 10.36% based on its latest 2018Q1 regulatory filing with the SEC. Sound Shore Management Inc bought 113,540 shares as the company’s stock declined 0.75% with the market. The institutional investor held 1.21 million shares of the specialty insurers company at the end of 2018Q1, valued at $169.74M, up from 1.10M at the end of the previous reported quarter. Sound Shore Management Inc who had been investing in Aon Plc for a number of months, seems to be bullish on the $34.40 billion market cap company. The stock decreased 0.85% or $1.22 during the last trading session, reaching $141.76. About 659,597 shares traded. Aon plc (NYSE:AON) has risen 9.13% since August 12, 2017 and is uptrending. It has underperformed by 3.44% the S&P500. Some Historical AON News: 25/04/2018 – AON CHIEF SAYS INSURANCE INDUSTRY LOSING RELEVANCE: FT; 13/04/2018 – AON REPORTS 11% BOOST TO ANNUAL CASH DIV; 06/03/2018 – MOVES-Aon names Mike Edwards as partner in UK risk settlement team; 25/04/2018 – PIC- TOTAL LIABILITIES INSURED BY THE SCHEME AMOUNT TO C.£450 MILLION. SCHEME HAS C.£4 BILLION OF LIABILITIES IN TOTAL. AON ADVISED THE TRUSTEES; 04/05/2018 – AON 1Q ADJ EPS $2.97, EST. $2.81; 04/05/2018 – AON 1Q REV. $3.09B, EST. $2.95B; 29/05/2018 – Aon Closes Below 200-Day Moving Average: Technicals; 04/05/2018 – Aon PLC 1Q Net $594M; 12/04/2018 – Secureworks Wins Aon’s Best Employer Award in Romania; 04/05/2018 – AON PLC AON.N SEES FY 2018 SHR MORE THAN $7.97

Among 15 analysts covering Aon Corporation (NYSE:AON), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Aon Corporation had 54 analyst reports since August 3, 2015 according to SRatingsIntel. Citigroup maintained the shares of AON in report on Wednesday, February 28 with “Buy” rating. The firm earned “Hold” rating on Tuesday, January 16 by William Blair. The stock has “Buy” rating by Citigroup on Friday, April 8. The rating was downgraded by Raymond James on Friday, April 15 to “Underperform”. Sandler O’Neill downgraded Aon plc (NYSE:AON) on Monday, October 30 to “Hold” rating. The company was upgraded on Thursday, March 15 by Goldman Sachs. The company was maintained on Monday, August 7 by Citigroup. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, December 4. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 9. Jefferies maintained the stock with “Buy” rating in Monday, October 30 report.

More recent Aon plc (NYSE:AON) news were published by: Businesswire.com which released: “Insurance Labor Outlook Study Results to be Revealed During Webinar” on August 07, 2018. Also Benzinga.com published the news titled: “Earnings Outlook For Aon” on July 26, 2018. Seekingalpha.com‘s news article titled: “Aon Corporation (AON) CEO Greg Case on Q2 2018 Results – Earnings Call Transcript” with publication date: July 27, 2018 was also an interesting one.

Sound Shore Management Inc, which manages about $6.15 billion and $6.18B US Long portfolio, decreased its stake in Citigroup Inc. (NYSE:C) by 30,817 shares to 3.56 million shares, valued at $240.62M in 2018Q1, according to the filing. It also reduced its holding in Vodafone Group Plc Adr (NASDAQ:VOD) by 578,162 shares in the quarter, leaving it with 5.23 million shares, and cut its stake in Pentair Plc (NYSE:PNR).

Driehaus Capital Management Llc, which manages about $12.71B and $2.83 billion US Long portfolio, decreased its stake in Logmein Inc (NASDAQ:LOGM) by 32,228 shares to 12,189 shares, valued at $1.41 million in 2018Q1, according to the filing. It also reduced its holding in Axogen Inc (NASDAQ:AXGN) by 150,974 shares in the quarter, leaving it with 521,888 shares, and cut its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT).

Since May 24, 2018, it had 0 insider buys, and 8 sales for $965,397 activity. $80,343 worth of stock was sold by GUILLAUME STEPHEN K on Monday, June 4. On Friday, June 8 the insider Schultz Thomas C. sold $297,136. 16,000 Spartan Motors, Inc. (NASDAQ:SPAR) shares with value of $255,490 were sold by Sohm Frederick J..

More recent Spartan Motors, Inc. (NASDAQ:SPAR) news were published by: Seekingalpha.com which released: “Spartan Motors down post Q2 results, reaffirmed FY2018 guidance” on August 02, 2018. Also Benzinga.com published the news titled: “65 Stocks Moving In Thursday’s Mid-Day Session” on August 02, 2018. Benzinga.com‘s news article titled: “75 Biggest Movers From Yesterday” with publication date: August 03, 2018 was also an interesting one.

Among 4 analysts covering Spartan Motors (NASDAQ:SPAR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Spartan Motors had 9 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, November 6, the company rating was downgraded by Seaport Global Securities. The firm has “Buy” rating given on Tuesday, October 17 by Roth Capital. The firm has “Buy” rating by Roth Capital given on Wednesday, January 25. The firm earned “Hold” rating on Thursday, August 6 by Zacks. The stock of Spartan Motors, Inc. (NASDAQ:SPAR) earned “Buy” rating by Roth Capital on Tuesday, August 1. As per Wednesday, January 25, the company rating was initiated by TH Capital. The stock of Spartan Motors, Inc. (NASDAQ:SPAR) earned “Buy” rating by Zacks on Saturday, August 8. The rating was initiated by Craig Hallum on Tuesday, July 26 with “Buy”.

Spartan Motors, Inc. (NASDAQ:SPAR) Institutional Positions Chart

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