North Star Investment Management Corp. reduced its holdings in SP Plus Corp (NASDAQ:SP) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,400 shares of the business services provider’s stock after selling 16,000 shares during the quarter. North Star Investment Management Corp. owned 0.37% of SP Plus worth $3,131,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SP. Zions Bancorporation acquired a new stake in SP Plus in the 3rd quarter valued at approximately $108,000. Legal & General Group Plc increased its position in SP Plus by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 200 shares during the period. SG Americas Securities LLC acquired a new position in shares of SP Plus during the 3rd quarter valued at $141,000. California Public Employees Retirement System acquired a new position in shares of SP Plus during the 2nd quarter valued at $214,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of SP Plus during the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 96.53% of the company’s stock.
Several brokerages have recently issued reports on SP. BidaskClub cut SP Plus from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. ValuEngine cut SP Plus from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded SP Plus from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Saturday, November 4th.
SP Plus Corp (NASDAQ:SP) traded up $1.60 on Thursday, hitting $40.45. The stock had a trading volume of 156,100 shares, compared to its average volume of 138,755. The company has a market cap of $874.93, a price-to-earnings ratio of 21.07, a PEG ratio of 2.09 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.50. SP Plus Corp has a 1-year low of $27.05 and a 1-year high of $41.25.
SP Plus (NASDAQ:SP) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. The business had revenue of $392.70 million during the quarter, compared to analyst estimates of $228.10 million. SP Plus had a return on equity of 14.29% and a net margin of 2.64%. equities research analysts expect that SP Plus Corp will post 1.7 EPS for the current fiscal year.
In other news, major shareholder Walter S. Woltosz sold 18,500 shares of the firm’s stock in a transaction on Saturday, October 28th. The stock was sold at an average price of $16.37, for a total transaction of $302,845.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.
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SP Plus Company Profile
SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.
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