Russell Investments Group Ltd. Lowers Position in SP Plus Co. (NASDAQ:SP)

Russell Investments Group Ltd. cut its holdings in SP Plus Co. (NASDAQ:SP – Get Rating) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 65,765 shares of the business services provider’s stock after selling 1,878 shares during the period. Russell Investments Group Ltd.’s holdings in SP Plus were worth $2,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC grew its holdings in shares of SP Plus by 66.2% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 64,937 shares of the business services provider’s stock valued at $2,034,000 after acquiring an additional 25,865 shares in the last quarter. Tudor Investment Corp Et Al grew its holdings in SP Plus by 4.1% during the third quarter. Tudor Investment Corp Et Al now owns 24,975 shares of the business services provider’s stock valued at $782,000 after purchasing an additional 981 shares during the period. Jump Financial LLC grew its holdings in SP Plus by 3.7% during the third quarter. Jump Financial LLC now owns 11,200 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 400 shares during the period. River Road Asset Management LLC grew its holdings in SP Plus by 5.1% during the fourth quarter. River Road Asset Management LLC now owns 1,713,091 shares of the business services provider’s stock valued at $59,479,000 after purchasing an additional 83,069 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in SP Plus by 1.6% during the third quarter. Segall Bryant & Hamill LLC now owns 1,474,901 shares of the business services provider’s stock valued at $46,193,000 after purchasing an additional 22,960 shares during the period. 98.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SP Plus news, CEO G Marc Baumann sold 10,408 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $34.36, for a total transaction of $357,618.88. Following the sale, the chief executive officer now owns 175,471 shares in the company, valued at $6,029,183.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barrington Research increased their target price on SP Plus from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, February 27th. StockNews.com downgraded SP Plus from a “buy” rating to a “hold” rating in a research report on Friday, May 12th.

SP Plus Trading Down 0.8 %

Shares of SP stock opened at $37.08 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 0.72. SP Plus Co. has a 52-week low of $28.18 and a 52-week high of $39.60. The company has a market capitalization of $727.88 million, a PE ratio of 18.00 and a beta of 1.36. The business’s fifty day moving average is $33.99 and its 200 day moving average is $34.95.

SP Plus (NASDAQ:SP – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.17). SP Plus had a return on equity of 24.33% and a net margin of 2.63%. The business had revenue of $206.40 million during the quarter, compared to analysts’ expectations of $205.59 million. On average, equities research analysts anticipate that SP Plus Co. will post 2.82 EPS for the current fiscal year.

SP Plus Profile

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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 firm operates through the following segments: Commercial, Aviation, and Other.