SP Plus Corporation (SP) Major Shareholder Sells $302,845.00 in Stock

SP Plus Corporation (NASDAQ:SP) major shareholder Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction on Saturday, October 28th. The stock was sold at an average price of $16.37, for a total value of $302,845.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

SP Plus Corporation (NASDAQ:SP) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%.

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Several institutional investors have recently made changes to their positions in SP. Janus Henderson Group PLC purchased a new position in shares of SP Plus Corporation in the 2nd quarter valued at about $14,540,000. Laurion Capital Management LP acquired a new stake in SP Plus Corporation in the 2nd quarter worth about $11,962,000. Principal Financial Group Inc. acquired a new stake in SP Plus Corporation in the 2nd quarter worth about $11,150,000. FMR LLC acquired a new stake in SP Plus Corporation in the 2nd quarter worth about $10,693,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in SP Plus Corporation in the 2nd quarter worth about $8,260,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Several research firms have recently weighed in on SP. BidaskClub upgraded SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, ValuEngine upgraded SP Plus Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

SP Plus Corporation 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.

Insider Buying and Selling by Quarter for SP Plus Corporation (NASDAQ:SP)

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