Susquehanna International Group LLP Invests $315,000 in Spark Energy, Inc. (SPKE)

Susquehanna International Group LLP bought a new position in shares of Spark Energy, Inc. (NASDAQ:SPKE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,760 shares of the utilities provider’s stock, valued at approximately $315,000. Susquehanna International Group LLP owned 0.13% of Spark Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Highland Capital Management LLC purchased a new position in shares of Spark Energy during the 2nd quarter worth approximately $194,000. Russell Investments Group Ltd. grew its holdings in shares of Spark Energy by 892.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 14,561 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 13,094 shares during the period. Bard Associates Inc. grew its holdings in shares of Spark Energy by 98.8% during the 2nd quarter. Bard Associates Inc. now owns 182,330 shares of the utilities provider’s stock worth $3,428,000 after acquiring an additional 90,615 shares during the period. Bessemer Group Inc. grew its holdings in shares of Spark Energy by 100.0% during the 2nd quarter. Bessemer Group Inc. now owns 26,600 shares of the utilities provider’s stock worth $500,000 after acquiring an additional 13,300 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Spark Energy by 379.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 83,100 shares of the utilities provider’s stock worth $1,565,000 after acquiring an additional 65,781 shares during the period. Hedge funds and other institutional investors own 35.93% of the company’s stock.

Shares of Spark Energy, Inc. (SPKE) opened at 14.40 on Monday. The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $18.28. The stock has a market cap of $189.29 million, a P/E ratio of 19.83 and a beta of -1.59. Spark Energy, Inc. has a 1-year low of $11.52 and a 1-year high of $23.65.

Spark Energy (NASDAQ:SPKE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.15). The business had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $135.72 million. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. On average, equities analysts anticipate that Spark Energy, Inc. will post $0.89 EPS for the current year.

In other Spark Energy news, Director W Keith Maxwell III sold 6,800 shares of Spark Energy stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $21.01, for a total value of $142,868.00. Following the transaction, the director now directly owns 689,380 shares of the company’s stock, valued at $14,483,873.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $15.89, for a total transaction of $63,560.00. Following the completion of the transaction, the vice president now directly owns 33,308 shares in the company, valued at $529,264.12. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 163,494 shares of company stock worth $2,638,265 and sold 158,342 shares worth $3,322,922. 66.89% of the stock is currently owned by insiders.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Spark Energy from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub downgraded Spark Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. ValuEngine upgraded Spark Energy from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. FBR & Co set a $24.00 target price on Spark Energy and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Janney Montgomery Scott downgraded Spark Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $22.95 to $24.00 in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.08.

TRADEMARK VIOLATION NOTICE: “Susquehanna International Group LLP Invests $315,000 in Spark Energy, Inc. (SPKE)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and republ

Other hedge funds have also recently bought and sold shares of the company. Highland Capital Management LLC purchased a new position in shares of Spark Energy during the 2nd quarter worth approximately $194,000. Russell Investments Group Ltd. grew its holdings in shares of Spark Energy by 892.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 14,561 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 13,094 shares during the period. Bard Associates Inc. grew its holdings in shares of Spark Energy by 98.8% during the 2nd quarter. Bard Associates Inc. now owns 182,330 shares of the utilities provider’s stock worth $3,428,000 after acquiring an additional 90,615 shares during the period. Bessemer Group Inc. grew its holdings in shares of Spark Energy by 100.0% during the 2nd quarter. Bessemer Group Inc. now owns 26,600 shares of the utilities provider’s stock worth $500,000 after acquiring an additional 13,300 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Spark Energy by 379.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 83,100 shares of the utilities provider’s stock worth $1,565,000 after acquiring an additional 65,781 shares during the period. Hedge funds and other institutional investors own 35.93% of the company’s stock.

Shares of Spark Energy, Inc. (SPKE) opened at 14.40 on Monday. The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $18.28. The stock has a market cap of $189.29 million, a P/E ratio of 19.83 and a beta of -1.59. Spark Energy, Inc. has a 1-year low of $11.52 and a 1-year high of $23.65.

Spark Energy (NASDAQ:SPKE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.15). The business had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $135.72 million. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. On average, equities analysts anticipate that Spark Energy, Inc. will post $0.89 EPS for the current year.

In other Spark Energy news, Director W Keith Maxwell III sold 6,800 shares of Spark Energy stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $21.01, for a total value of $142,868.00. Following the transaction, the director now directly owns 689,380 shares of the company’s stock, valued at $14,483,873.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $15.89, for a total transaction of $63,560.00. Following the completion of the transaction, the vice president now directly owns 33,308 shares in the company, valued at $529,264.12. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 163,494 shares of company stock worth $2,638,265 and sold 158,342 shares worth $3,322,922. 66.89% of the stock is currently owned by insiders.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Spark Energy from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub downgraded Spark Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. ValuEngine upgraded Spark Energy from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. FBR & Co set a $24.00 target price on Spark Energy and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Janney Montgomery Scott downgraded Spark Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $22.95 to $24.00 in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.08.

TRADEMARK VIOLATION NOTICE: “Susquehanna International Group LLP Invests $315,000 in Spark Energy, Inc. (SPKE)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/16/susquehanna-international-group-llp-invests-315000-in-spark-energy-inc-spke.html.

Spark Energy Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.

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Institutional Ownership by Quarter for Spark Energy (NASDAQ:SPKE)

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