Swiss National Bank Has $1.98 Million Position in SP Plus Co. (NASDAQ:SP)

Swiss National Bank trimmed its position in SP Plus Co. (NASDAQ:SP) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,700 shares of the business services provider’s stock after selling 4,500 shares during the quarter. Swiss National Bank owned 0.20% of SP Plus worth $1,983,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in SP Plus by 12.1% during the third quarter. Citigroup Inc. now owns 11,437 shares of the business services provider’s stock worth $413,000 after buying an additional 1,238 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of SP Plus by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 41,848 shares of the business services provider’s stock worth $1,511,000 after purchasing an additional 1,466 shares during the period. Deutsche Bank AG raised its stake in SP Plus by 12.2% in the third quarter. Deutsche Bank AG now owns 16,517 shares of the business services provider’s stock valued at $596,000 after purchasing an additional 1,792 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in SP Plus by 6.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 41,379 shares of the business services provider’s stock worth $1,494,000 after purchasing an additional 2,656 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in SP Plus during the third quarter worth about $101,000. Institutional investors own 93.98% of the company’s stock.

SP Plus Trading Up 0.0 %

SP opened at $53.99 on Friday. The company’s 50 day moving average is $52.09 and its 200-day moving average is $51.57. The company has a market cap of $1.07 billion, a P/E ratio of 35.52 and a beta of 1.22. SP Plus Co. has a 1-year low of $34.17 and a 1-year high of $54.42. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.27.

SP Plus (NASDAQ:SP) last posted its earnings results on Wednesday, May 1st. The business services provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). SP Plus had a return on equity of 21.93% and a net margin of 1.68%. The company had revenue of $222.10 million for the quarter, compared to the consensus estimate of $229.00 million. Equities research analysts predict that SP Plus Co. will post 3.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SP has been the subject of a number of recent analyst reports. TheStreet downgraded shares of SP Plus from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. StockNews.com assumed coverage on SP Plus in a report on Friday. They issued a “hold” rating on the stock.

SP Plus Company Profile

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.