SP Plus Corp (SP) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of SP Plus Corp (NASDAQ:SP) by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,639 shares of the business services provider’s stock after selling 3,198 shares during the period. Rhumbline Advisers owned approximately 0.09% of SP Plus worth $729,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of SP Plus by 42.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 40,900 shares of the business services provider’s stock worth $1,615,000 after purchasing an additional 12,200 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of SP Plus in the 3rd quarter worth $366,000. Dudley & Shanley LLC lifted its holdings in shares of SP Plus by 30.4% in the 4th quarter. Dudley & Shanley LLC now owns 200,150 shares of the business services provider’s stock worth $7,426,000 after purchasing an additional 46,650 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of SP Plus by 21.3% in the 3rd quarter. First Trust Advisors LP now owns 17,868 shares of the business services provider’s stock worth $706,000 after purchasing an additional 3,134 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of SP Plus by 172.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 28,130 shares of the business services provider’s stock worth $1,111,000 after purchasing an additional 17,800 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

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In related news, EVP Gerard M. Klaisle sold 7,500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.15, for a total value of $286,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas L. Hagerman sold 833 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.20, for a total value of $30,154.60. The disclosure for this sale can be found here. Insiders sold a total of 9,333 shares of company stock valued at $354,280 over the last three months. 1.40% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on SP shares. Zacks Investment Research cut SP Plus from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub cut SP Plus from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $42.00 target price (up from $39.00) on shares of SP Plus in a report on Monday, March 5th.

NASDAQ SP opened at $35.60 on Monday. The firm has a market capitalization of $802.53, a P/E ratio of 20.94, a P/E/G ratio of 1.61 and a beta of 1.09. SP Plus Corp has a 12 month low of $28.10 and a 12 month high of $41.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.49.

SP Plus (NASDAQ:SP) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $392.40 million during the quarter, compared to analyst estimates of $223.40 million. SP Plus had a return on equity of 12.87% and a net margin of 2.55%. equities analysts expect that SP Plus Corp will post 2.21 EPS for the current year.

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SP Plus 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.

Institutional Ownership by Quarter for SP Plus (NASDAQ:SP)

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