GSA Capital Partners LLP lowered its stake in SP Plus Corp. (NASDAQ:SP) by 64.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,022 shares of the company’s stock after selling 25,738 shares during the period. GSA Capital Partners LLP owned 0.06% of SP Plus Corp. worth $317,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Mondrian Investment Partners LTD acquired a new stake in SP Plus Corp. during the first quarter worth approximately $2,984,000. Ngam Advisors L.P. increased its stake in SP Plus Corp. by 10.8% in the first quarter. Ngam Advisors L.P. now owns 20,603 shares of the company’s stock worth $496,000 after buying an additional 2,012 shares during the period. State Street Corp increased its stake in SP Plus Corp. by 1.2% in the first quarter. State Street Corp now owns 272,368 shares of the company’s stock worth $6,551,000 after buying an additional 3,247 shares during the period. AXA increased its stake in SP Plus Corp. by 164.3% in the first quarter. AXA now owns 57,681 shares of the company’s stock worth $1,388,000 after buying an additional 35,854 shares during the period. Finally, Geode Capital Management LLC increased its stake in SP Plus Corp. by 9.5% in the first quarter. Geode Capital Management LLC now owns 126,193 shares of the company’s stock worth $3,036,000 after buying an additional 10,923 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.
SP Plus Corp. (NASDAQ:SP) traded down 1.43% on Monday, hitting $25.44. The stock had a trading volume of 9,050 shares. SP Plus Corp. has a one year low of $20.41 and a one year high of $26.39. The company has a market cap of $567.77 million, a PE ratio of 44.63 and a beta of 0.92. The stock has a 50-day moving average of $25.04 and a 200-day moving average of $23.55.
SP Plus Corp. (NASDAQ:SP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. SP Plus Corp. had a return on equity of 8.88% and a net margin of 0.80%. Equities analysts expect that SP Plus Corp. will post $1.16 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised SP Plus Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
In other news, Director James A. Wilhelm sold 12,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $25.50, for a total value of $306,000.00. Following the completion of the transaction, the director now owns 9,848 shares of the company’s stock, valued at $251,124. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James A. Wilhelm sold 5,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $24.61, for a total value of $123,050.00. Following the completion of the transaction, the director now directly owns 21,848 shares of the company’s stock, valued at approximately $537,679.28. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
SP Plus Corp. Company Profile
SP Plus Corporation provides parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company operates through six segments: Region One (North reporting unit), Region Two (South reporting unit), Region Three (New York Metropolitan tri-state area of New York, New Jersey and Connecticut reporting unit), Region Four (Airport transportation operations around the nation reporting unit) and Region Five (the United States Parking reporting unit and event planning and transportation services reporting unit).
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