We Are One Seven LLC Raises Stock Position in SP Plus Corp (NASDAQ:SP)

We Are One Seven LLC raised its stake in SP Plus Corp (NASDAQ:SP) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,605 shares of the business services provider’s stock after buying an additional 388 shares during the period. We Are One Seven LLC owned approximately 0.07% of SP Plus worth $577,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of SP Plus by 9.6% during the 2nd quarter. BlackRock Inc. now owns 1,795,084 shares of the business services provider’s stock worth $57,316,000 after purchasing an additional 156,491 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of SP Plus by 19.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,144,556 shares of the business services provider’s stock worth $36,545,000 after purchasing an additional 189,296 shares in the last quarter. Bernzott Capital Advisors increased its stake in shares of SP Plus by 0.3% during the 2nd quarter. Bernzott Capital Advisors now owns 853,381 shares of the business services provider’s stock worth $27,248,000 after purchasing an additional 2,911 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of SP Plus by 9.3% during the 2nd quarter. Renaissance Technologies LLC now owns 583,700 shares of the business services provider’s stock worth $18,638,000 after purchasing an additional 49,489 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of SP Plus by 3.1% during the 2nd quarter. Northern Trust Corp now owns 334,024 shares of the business services provider’s stock worth $10,666,000 after purchasing an additional 10,081 shares in the last quarter. 98.30% of the stock is owned by institutional investors.

In related news, insider Gerard M. Klaisle sold 1,250 shares of SP Plus stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $36.91, for a total transaction of $46,137.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

A number of research analysts have recently weighed in on SP shares. Zacks Investment Research cut shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Wednesday. Barrington Research set a $43.00 price objective on shares of SP Plus and gave the stock a “buy” rating in a research note on Friday, July 12th. ValuEngine cut shares of SP Plus from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, BidaskClub cut shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

NASDAQ SP traded up $0.79 during mid-day trading on Friday, reaching $38.31. 2 shares of the stock were exchanged, compared to its average volume of 91,083. SP Plus Corp has a 1-year low of $27.13 and a 1-year high of $38.64. The business’s fifty day simple moving average is $36.09 and its 200 day simple moving average is $34.06. The stock has a market capitalization of $877.38 million, a PE ratio of 16.34, a PEG ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.59.

SP Plus (NASDAQ:SP) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.06. The firm had revenue of $414.20 million for the quarter, compared to analyst estimates of $238.15 million. SP Plus had a net margin of 3.10% and a return on equity of 15.99%. On average, analysts anticipate that SP Plus Corp will post 2.71 EPS for the current year.

SP Plus Profile

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

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

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