SP Plus (NASDAQ:SP) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SP Plus (NASDAQ:SPFree Report) in a research note released on Saturday. The firm issued a hold rating on the business services provider’s stock.

Separately, Barrington Research reiterated a market perform rating on shares of SP Plus in a report on Friday, October 20th.

Check Out Our Latest Stock Analysis on SP

SP Plus Stock Performance

SP Plus stock opened at $51.40 on Friday. SP Plus has a fifty-two week low of $31.52 and a fifty-two week high of $52.40. The firm’s 50 day simple moving average is $51.39 and its 200-day simple moving average is $46.53. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $1.01 billion, a P/E ratio of 29.54 and a beta of 1.24.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dark Forest Capital Management LP bought a new position in shares of SP Plus during the 1st quarter valued at $27,000. International Assets Investment Management LLC bought a new position in SP Plus during the third quarter valued at about $28,000. Tower Research Capital LLC TRC lifted its position in shares of SP Plus by 75.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,004 shares of the business services provider’s stock worth $39,000 after buying an additional 433 shares during the last quarter. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of SP Plus during the 4th quarter worth about $61,000. Finally, Quest Partners LLC acquired a new position in shares of SP Plus during the 4th quarter valued at about $73,000. 96.63% of the stock is owned by institutional investors and hedge funds.

SP Plus Company Profile

(Get Free Report)

SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.

Featured Articles

Receive News & Ratings for SP Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Plus and related companies with MarketBeat.com's FREE daily email newsletter.