GSA Capital Partners LLP grew its position in SP Plus Corp (NASDAQ:SP) by 30.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,507 shares of the business services provider’s stock after acquiring an additional 4,747 shares during the quarter. GSA Capital Partners LLP owned approximately 0.09% of SP Plus worth $810,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE grew its stake in SP Plus by 3.1% during the 2nd quarter. US Bancorp DE now owns 3,329 shares of the business services provider’s stock worth $102,000 after buying an additional 100 shares during the last quarter. Zions Bancorporation bought a new position in SP Plus during the 3rd quarter worth $108,000. Legal & General Group Plc grew its stake in SP Plus by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock worth $129,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC bought a new position in SP Plus during the 3rd quarter worth $141,000. Finally, California Public Employees Retirement System bought a new position in SP Plus during the 2nd quarter worth $214,000. Institutional investors and hedge funds own 96.53% of the company’s stock.
SP has been the subject of several recent analyst reports. ValuEngine raised SP Plus from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut SP Plus from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised SP Plus from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Saturday, November 4th.
Shares of SP Plus Corp (NASDAQ SP) opened at $37.50 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $860.29, a price-to-earnings ratio of 19.53, a PEG ratio of 2.25 and a beta of 1.00. SP Plus Corp has a twelve month low of $27.05 and a twelve month high of $41.25.
SP Plus (NASDAQ:SP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. SP Plus had a return on equity of 14.29% and a net margin of 2.64%. The business had revenue of $392.70 million during the quarter, compared to the consensus estimate of $228.10 million. analysts forecast that SP Plus Corp will post 1.7 EPS for the current year.
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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