Dynamic Technology Lab Private Ltd acquired a new stake in shares of SP Plus Co. (NASDAQ:SP – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,496 shares of the business services provider’s stock, valued at approximately $435,000.
A number of other large investors have also added to or reduced their stakes in SP. Alpine Associates Management Inc. bought a new position in shares of SP Plus during the fourth quarter valued at $51,204,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in SP Plus during the 4th quarter valued at about $15,391,000. Kellner Capital LLC bought a new stake in SP Plus during the 4th quarter valued at about $3,477,000. Thompson Siegel & Walmsley LLC raised its holdings in SP Plus by 107.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 125,278 shares of the business services provider’s stock worth $4,523,000 after buying an additional 64,842 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of SP Plus by 510.4% in the third quarter. Assenagon Asset Management S.A. now owns 72,265 shares of the business services provider’s stock worth $2,609,000 after buying an additional 60,427 shares in the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.
SP Plus Stock Performance
Shares of NASDAQ SP opened at $53.99 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.27. The firm’s 50-day moving average price is $52.13 and its 200-day moving average price is $51.59. SP Plus Co. has a 52-week low of $34.17 and a 52-week high of $54.42. The company has a market cap of $1.07 billion, a PE ratio of 35.52 and a beta of 1.22.
SP Plus (NASDAQ:SP – Get Free Report) last issued its earnings results on Wednesday, May 1st. The business services provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.06). The company had revenue of $222.10 million during the quarter, compared to analysts’ expectations of $229.00 million. SP Plus had a return on equity of 21.93% and a net margin of 1.68%. As a group, analysts anticipate that SP Plus Co. will post 3.5 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SP. TheStreet downgraded shares of SP Plus from a “b” rating to a “c+” rating in a research report on Tuesday, February 27th. StockNews.com started coverage on SP Plus in a report on Friday. They issued a “hold” rating for the company.
Read Our Latest Stock Report on SP
SP Plus Company Profile
(Free Report)
SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.
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