Algert Global LLC decreased its holdings in shares of SP Plus Corp (NASDAQ:SP) by 88.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,732 shares of the business services provider’s stock after selling 65,268 shares during the quarter. Algert Global LLC’s holdings in SP Plus were worth $324,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Zions Bancorporation acquired a new stake in SP Plus during the 3rd quarter valued at $108,000. Legal & General Group Plc boosted its position in shares of 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 worth $129,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of SP Plus in the 3rd quarter worth $141,000. California Public Employees Retirement System bought a new position in shares of SP Plus in the 2nd quarter worth $214,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in SP Plus during the 2nd quarter worth $221,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.
SP Plus Corp (SP) traded down $0.05 during mid-day trading on Tuesday, hitting $36.35. 110,300 shares of the stock were exchanged, compared to its average volume of 125,414. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. SP Plus Corp has a one year low of $27.70 and a one year high of $41.70. The company has a market cap of $818.63, a PE ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.07.
In other news, EVP Gerard M. Klaisle sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.15, for a total transaction of $286,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Marc Baumann sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Several analysts have issued reports on the company. BidaskClub raised SP Plus from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research cut SP Plus from a “buy” rating to a “hold” rating in a report on Friday, January 5th.
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About SP Plus
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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