Teachers Advisors LLC increased its position in SP Plus Corporation (NASDAQ:SP) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,055 shares of the business services provider’s stock after acquiring an additional 577 shares during the quarter. Teachers Advisors LLC owned about 0.14% of SP Plus Corporation worth $918,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit Global Investments acquired a new stake in SP Plus Corporation in the 2nd quarter worth $513,000. Martingale Asset Management L P grew its position in SP Plus Corporation by 9.4% in the 2nd quarter. Martingale Asset Management L P now owns 112,834 shares of the business services provider’s stock worth $3,448,000 after purchasing an additional 9,717 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in SP Plus Corporation in the 2nd quarter worth $629,000. Systematic Financial Management LP acquired a new stake in SP Plus Corporation in the 2nd quarter worth $1,748,000. Finally, Engineers Gate Manager LP grew its position in SP Plus Corporation by 74.7% in the 2nd quarter. Engineers Gate Manager LP now owns 22,211 shares of the business services provider’s stock worth $679,000 after purchasing an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.
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Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of SP Plus Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, BidaskClub lowered shares of SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st.
In related news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total transaction of $2,433,900.00. Following the completion of the transaction, the director now owns 36,936 shares in the company, valued at $1,284,264.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction that occurred on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Shares of SP Plus Corporation (SP) opened at $36.45 on Friday. The company has a market capitalization of $862.54, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78.
SP Plus Corporation (NASDAQ:SP) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The business had revenue of $392.70 million during the quarter, compared to the consensus estimate of $228.10 million. SP Plus Corporation had a net margin of 2.64% and a return on equity of 14.63%. equities analysts anticipate that SP Plus Corporation will post 1.68 EPS for the current fiscal year.
About SP Plus Corporation
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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