SP Plus Corp (SP) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC trimmed its stake in SP Plus Corp (NASDAQ:SP) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 249,232 shares of the business services provider’s stock after selling 3,331 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in SP Plus were worth $9,247,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Zions Bancorporation purchased a new position in SP Plus during the 3rd quarter valued at about $108,000. SG Americas Securities LLC purchased a new position in SP Plus during the 3rd quarter valued at about $141,000. Magnetar Financial LLC purchased a new position in SP Plus during the 3rd quarter valued at about $271,000. Mutual Advisors LLC purchased a new position in SP Plus during the 4th quarter valued at about $278,000. Finally, Teacher Retirement System of Texas purchased a new position in SP Plus during the 4th quarter valued at about $289,000. 96.40% of the stock is owned by hedge funds and other institutional investors.

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In other news, EVP Gerard M. Klaisle sold 7,500 shares of SP Plus stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.15, for a total value of $286,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas L. Hagerman sold 833 shares of SP Plus stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $36.20, for a total transaction of $30,154.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,333 shares of company stock valued at $389,780. 1.40% of the stock is owned by company insiders.

A number of research firms have weighed in on SP. BidaskClub upgraded shares of SP Plus from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research lowered shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Barrington Research restated an “outperform” rating and set a $42.00 price objective (up from $39.00) on shares of SP Plus in a research note on Monday, March 5th.

NASDAQ:SP opened at $35.40 on Monday. The stock has a market cap of $801.35, a price-to-earnings ratio of 20.82, a PEG ratio of 1.60 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.85 and a quick ratio of 0.85. SP Plus Corp has a fifty-two week low of $28.10 and a fifty-two week high of $41.70.

SP Plus (NASDAQ:SP) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $392.40 million during the quarter, compared to analyst estimates of $223.40 million. SP Plus had a net margin of 2.55% and a return on equity of 12.87%. equities research analysts expect that SP Plus Corp will post 2.21 earnings per share for the current year.

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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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Institutional Ownership by Quarter for SP Plus (NASDAQ:SP)

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