State Board of Administration of Florida Retirement System Maintains Position in SP Plus Corp. (SP)
State Board of Administration of Florida Retirement System continued to hold its stake in SP Plus Corp. (NASDAQ:SP) during the second quarter, Holdings Channel reports. The fund owned 14,685 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.07% of SP Plus Corp. worth $332,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Dudley & Shanley LLC raised its stake in SP Plus Corp. by 15.7% in the second quarter. Dudley & Shanley LLC now owns 11,050 shares of the company’s stock worth $250,000 after buying an additional 1,500 shares during the last quarter. Ngam Advisors L.P. raised its stake in SP Plus Corp. by 2.3% in the second quarter. Ngam Advisors L.P. now owns 21,085 shares of the company’s stock worth $476,000 after buying an additional 482 shares during the last quarter. Swiss National Bank raised its stake in SP Plus Corp. by 9.5% in the second quarter. Swiss National Bank now owns 23,100 shares of the company’s stock worth $522,000 after buying an additional 2,000 shares during the last quarter. California State Teachers Retirement System raised its stake in SP Plus Corp. by 2.0% in the second quarter. California State Teachers Retirement System now owns 36,238 shares of the company’s stock worth $818,000 after buying an additional 704 shares during the last quarter. Finally, AXA raised 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 last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.
SP Plus Corp. (NASDAQ:SP) traded down 1.72% during mid-day trading on Thursday, hitting $23.94. The stock had a trading volume of 10,806 shares. SP Plus Corp. has a one year low of $20.41 and a one year high of $26.39. The firm’s 50-day moving average is $25.16 and its 200 day moving average is $23.72. The stock has a market cap of $534.29 million, a PE ratio of 42.00 and a beta of 0.95.
SP Plus Corp. (NASDAQ:SP) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. SP Plus Corp. had a net margin of 0.80% and a return on equity of 8.88%. Equities research analysts expect that SP Plus Corp. will post $1.16 EPS for the current year.
Separately, Zacks Investment Research lowered SP Plus Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th.
In other SP Plus Corp. news, Director James A. Wilhelm sold 12,000 shares of SP Plus Corp. stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $25.50, for a total value of $306,000.00. Following the transaction, the director now owns 9,848 shares in the company, valued at $251,124. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider William H. Bodenhamer sold 15,726 shares of SP Plus Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $23.08, for a total transaction of $362,956.08. Following the completion of the transaction, the insider now owns 7,283 shares in the company, valued at approximately $168,091.64. 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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