Tudor Investment Corp ET AL acquired a new stake in shares of SP Plus Corporation (NASDAQ:SP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,498 shares of the business services provider’s stock, valued at approximately $382,000. Tudor Investment Corp ET AL owned approximately 0.06% of SP Plus Corporation at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in SP. Russell Investments Group Ltd. lifted its holdings in shares of SP Plus Corporation by 180.4% during the 1st quarter. Russell Investments Group Ltd. now owns 9,982 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 6,422 shares in the last quarter. US Bancorp DE lifted its stake in SP Plus Corporation by 2.7% in the 1st quarter. US Bancorp DE now owns 3,229 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 84 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in SP Plus Corporation by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 74,048 shares of the business services provider’s stock valued at $2,499,000 after acquiring an additional 1,389 shares in the last quarter. Sei Investments Co. lifted its stake in SP Plus Corporation by 1,822.4% in the 1st quarter. Sei Investments Co. now owns 34,699 shares of the business services provider’s stock valued at $1,171,000 after acquiring an additional 32,894 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in SP Plus Corporation by 8.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 89,243 shares of the business services provider’s stock valued at $3,012,000 after acquiring an additional 6,598 shares in the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.
In other SP Plus Corporation news, Director Robert S. Roath sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.77, for a total value of $2,433,900.00. Following the completion of the sale, the director now owns 36,936 shares of the company’s stock, valued at $1,284,264.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.
Several research firms have commented on SP. ValuEngine cut SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded SP Plus Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, August 4th.
Shares of SP Plus Corporation (NASDAQ:SP) opened at 40.80 on Friday. SP Plus Corporation has a 1-year low of $22.60 and a 1-year high of $41.25. The firm has a 50-day moving average price of $38.34 and a 200 day moving average price of $33.60. The company has a market cap of $905.84 million, a PE ratio of 23.69 and a beta of 1.00.
SP Plus Corporation (NASDAQ:SP) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.11. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%. The firm had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $223.35 million. On average, equities analysts anticipate that SP Plus Corporation will post $1.69 earnings per share for the current year.
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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.
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