Thompson Siegel & Walmsley LLC Sells 45,790 Shares of SP Plus Corp (SP)
Thompson Siegel & Walmsley LLC lowered its position in shares of SP Plus Corp (NASDAQ:SP) by 49.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 47,219 shares of the business services provider’s stock after selling 45,790 shares during the period. Thompson Siegel & Walmsley LLC owned 0.21% of SP Plus worth $1,723,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Ramsey Quantitative Systems grew its position in SP Plus by 102.5% in the 3rd quarter. Ramsey Quantitative Systems now owns 4,539 shares of the business services provider’s stock valued at $166,000 after buying an additional 2,297 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in SP Plus by 30.5% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,462 shares of the business services provider’s stock valued at $278,000 after buying an additional 1,744 shares in the last quarter. We Are One Seven LLC bought a new position in SP Plus in the 3rd quarter valued at about $285,000. Atria Investments LLC grew its position in SP Plus by 26.0% in the 2nd quarter. Atria Investments LLC now owns 9,804 shares of the business services provider’s stock valued at $365,000 after buying an additional 2,023 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its position in SP Plus by 21.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 10,567 shares of the business services provider’s stock valued at $393,000 after buying an additional 1,884 shares in the last quarter. Institutional investors and hedge funds own 97.57% of the company’s stock.
SP has been the subject of several research reports. Zacks Investment Research lowered shares of SP Plus from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub lowered shares of SP Plus from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Barrington Research raised their price objective on shares of SP Plus from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, August 6th. ValuEngine lowered shares of SP Plus from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, Sidoti reduced their price objective on shares of SP Plus from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.00.
SP stock opened at $31.37 on Tuesday. The stock has a market cap of $709.27 million, a price-to-earnings ratio of 18.45, a PEG ratio of 1.40 and a beta of 1.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. SP Plus Corp has a one year low of $30.49 and a one year high of $41.70.
SP Plus (NASDAQ:SP) last issued its earnings results on Wednesday, October 31st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $362.10 million for the quarter, compared to analyst estimates of $190.74 million. SP Plus had a return on equity of 14.51% and a net margin of 3.50%. Sell-side analysts predict that SP Plus Corp will post 2.24 EPS for the current year.
About SP Plus
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. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients' facilities or events.
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