Seizert Capital Partners LLC trimmed its position in SP Plus Corp (NASDAQ:SP) by 41.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,703 shares of the business services provider’s stock after selling 26,229 shares during the period. Seizert Capital Partners LLC owned about 0.16% of SP Plus worth $1,204,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. WCM Investment Management LLC increased its stake in shares of SP Plus by 63.8% during the 1st quarter. WCM Investment Management LLC now owns 510,745 shares of the business services provider’s stock valued at $17,427,000 after acquiring an additional 198,951 shares during the last quarter. Intrepid Capital Management Inc. acquired a new position in shares of SP Plus during the 1st quarter valued at about $6,769,000. SG Americas Securities LLC increased its stake in shares of SP Plus by 704.9% during the 2nd quarter. SG Americas Securities LLC now owns 53,682 shares of the business services provider’s stock valued at $1,714,000 after acquiring an additional 47,013 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its stake in shares of SP Plus by 12.1% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 268,844 shares of the business services provider’s stock valued at $9,173,000 after acquiring an additional 29,050 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of SP Plus by 114.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 42,505 shares of the business services provider’s stock valued at $1,450,000 after acquiring an additional 22,659 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.
SP traded down $0.99 on Friday, reaching $33.75. 64,897 shares of the company’s stock were exchanged, compared to its average volume of 84,786. The company’s 50 day moving average is $34.22 and its 200-day moving average is $33.70. The company has a market cap of $796.78 million, a price-to-earnings ratio of 13.25, a PEG ratio of 1.28 and a beta of 1.04. SP Plus Corp has a twelve month low of $27.13 and a twelve month high of $40.45. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.59.
SP Plus (NASDAQ:SP) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.06. The firm had revenue of $414.20 million during the quarter, compared to the consensus estimate of $238.15 million. SP Plus had a net margin of 3.10% and a return on equity of 15.99%. Sell-side analysts forecast that SP Plus Corp will post 2.71 EPS for the current year.
A number of research analysts have recently commented on the stock. Barrington Research set a $43.00 price objective on shares of SP Plus and gave the company a “buy” rating in a research note on Friday, July 12th. ValuEngine raised shares of SP Plus from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of SP Plus from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Saturday, August 3rd. Finally, BidaskClub downgraded shares of SP Plus from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $44.00.
SP Plus Company Profile
SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.
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