Heartland Advisors Has Cut By $900,000 Its Spartan Mtrs (SPAR) Stake; Q2 Holdings (QTWO) Shorts Decreased By 7.63%

July 21, 2017 - By Henry Gaston

Q2 Holdings Incorporated (NYSE:QTWO) had a decrease of 7.63% in short interest. QTWO’s SI was 1.66 million shares in July as released by FINRA. Its down 7.63% from 1.80 million shares previously. With 184,600 avg volume, 9 days are for Q2 Holdings Incorporated (NYSE:QTWO)’s short sellers to cover QTWO’s short positions. It closed at $38.7 lastly. It is down 76.19% since July 21, 2016 and is uptrending. It has outperformed by 59.49% the S&P500.

Heartland Advisors Inc decreased Spartan Mtrs Inc (SPAR) stake by 16.67% reported in 2016Q4 SEC filing. Heartland Advisors Inc sold 100,000 shares as Spartan Mtrs Inc (SPAR)’s stock rose 14.77%. The Heartland Advisors Inc holds 500,000 shares with $4.63M value, down from 600,000 last quarter. Spartan Mtrs Inc now has $326.70 million valuation. It closed at $9.25 lastly. It is down 45.41% since July 21, 2016 and is uptrending. It has outperformed by 28.71% the S&P500.

Heartland Advisors Inc increased Patterson Uti Energy Inc (NASDAQ:PTEN) stake by 31,869 shares to 443,107 valued at $11.93M in 2016Q4. It also upped Sonic Automotive Inc (NYSE:SAH) stake by 118,775 shares and now owns 602,901 shares. Trimas Corp (NASDAQ:TRS) was raised too.

Since March 8, 2017, it had 6 insider purchases, and 1 insider sale for $442,320 activity. On Thursday, March 9 Adams Daryl M bought $353,927 worth of Spartan Motors Inc (NASDAQ:SPAR) or 54,000 shares. The insider Forbes John A sold 8,000 shares worth $53,200. The insider Sohm Frederick J. bought 5,000 shares worth $44,691. On Wednesday, May 10 CURRENT RICHARD R bought $46,269 worth of Spartan Motors Inc (NASDAQ:SPAR) or 5,141 shares. SLAWSON JOHN W also bought $9,847 worth of Spartan Motors Inc (NASDAQ:SPAR) on Wednesday, March 8.

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

Analysts await Spartan Motors Inc (NASDAQ:SPAR) to report earnings on August, 3. They expect $0.06 earnings per share, down 68.42% or $0.13 from last year’s $0.19 per share. SPAR’s profit will be $2.12 million for 38.54 P/E if the $0.06 EPS becomes a reality. After $0.04 actual earnings per share reported by Spartan Motors Inc for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Investors sentiment decreased to 1.23 in Q4 2016. Its down 0.41, from 1.64 in 2016Q3. It dropped, as 12 investors sold SPAR shares while 35 reduced holdings. 21 funds opened positions while 37 raised stakes. 22.94 million shares or 0.51% less from 23.06 million shares in 2016Q3 were reported. Tudor Inv Et Al has 0% invested in Spartan Motors Inc (NASDAQ:SPAR). Nationwide Fund reported 92,455 shares. Panagora Asset owns 0% invested in Spartan Motors Inc (NASDAQ:SPAR) for 62,736 shares. Acadian Asset Mgmt Llc stated it has 0.04% of its portfolio in Spartan Motors Inc (NASDAQ:SPAR). Us Bancorporation De reported 0% stake. Victory Cap Mgmt reported 89,359 shares. Jacobs Levy Equity Mngmt holds 0.01% or 62,828 shares. Royal Natl Bank Of Canada holds 0% or 6,781 shares in its portfolio. Susquehanna International Group Ltd Liability Partnership stated it has 0% in Spartan Motors Inc (NASDAQ:SPAR). Zacks Inv reported 63,757 shares. Tci Wealth Advisors holds 1,200 shares. 19,124 are owned by American Grp. Wells Fargo And Mn stated it has 0% of its portfolio in Spartan Motors Inc (NASDAQ:SPAR). Credit Suisse Ag accumulated 17,979 shares or 0% of the stock. Renaissance Technologies Limited Liability Corp has invested 0.01% in Spartan Motors Inc (NASDAQ:SPAR).

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.10, from 1.18 in 2016Q3. It fall, as 15 investors sold Q2 Holdings Inc shares while 38 reduced holdings. 14 funds opened positions while 43 raised stakes. 32.89 million shares or 3.27% more from 31.85 million shares in 2016Q3 were reported. Moreover, Tiverton Asset Management Ltd Limited Liability Company has 0.24% invested in Q2 Holdings Inc (NYSE:QTWO). Gilder Gagnon Howe And Limited Liability Corp holds 0.82% of its portfolio in Q2 Holdings Inc (NYSE:QTWO) for 1.43 million shares. Aqr Cap Management Ltd Company has invested 0% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). Wall Street Associate invested 1.21% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). D L Carlson Invest Group Inc accumulated 50,135 shares or 0.49% of the stock. 6,293 were accumulated by Legal & General Grp Inc Public Ltd Company. Natl Bank Of Ny Mellon has 103,433 shares. Morgan Stanley reported 76,023 shares. Voya Invest Mgmt Limited Co holds 10,316 shares or 0% of its portfolio. Blackrock Ltd Liability stated it has 94,841 shares. Tiaa Cref Invest Mngmt Ltd Company stated it has 0% of its portfolio in Q2 Holdings Inc (NYSE:QTWO). Citadel Ltd Liability Company owns 62,128 shares or 0% of their US portfolio. Sei Investments accumulated 2,247 shares. Raymond James And Assoc reported 59,624 shares stake. Magee Thomson Prns Limited Co has 0% invested in Q2 Holdings Inc (NYSE:QTWO) for 55 shares.

Among 11 analysts covering Q2 Holdings Inc (NYSE:QTWO), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Q2 Holdings Inc had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Overweight” rating by First Analysis given on Wednesday, March 2. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. The stock of Q2 Holdings Inc (NYSE:QTWO) has “Sector Weight” rating given on Friday, November 18 by Pacific Crest. Northland Capital initiated it with “Outperform” rating and $35 target in Wednesday, December 9 report. On Tuesday, June 27 the stock rating was initiated by Suntrust Robinson with “Buy”. On Monday, June 5 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating given on Friday, February 12 by Needham. The firm has “Buy” rating given on Tuesday, June 21 by Needham. The rating was maintained by Canaccord Genuity on Friday, August 7 with “Buy”. On Friday, August 7 the stock rating was maintained by Needham with “Buy”.

Since January 26, 2017, it had 0 buys, and 39 insider sales for $73.74 million activity. $983,250 worth of stock was sold by Blue Adam D on Thursday, June 1. $6.80M worth of Q2 Holdings Inc (NYSE:QTWO) shares were sold by Seale R. H.. Flake Matthew P sold $1.30 million worth of Q2 Holdings Inc (NYSE:QTWO) on Friday, June 2. Offerdahl James had sold 1,000 shares worth $35,200. ADAMS STREET PARTNERS LLC had sold 268,100 shares worth $9.39M on Wednesday, March 1. Breeden John E sold $260,619 worth of stock or 7,300 shares. BROWN MICHAEL MAURICE sold 28,885 shares worth $1.14M.