SP Plus Co. (NASDAQ:SP) Stake Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in SP Plus Co. (NASDAQ:SP) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,217 shares of the business services provider’s stock after selling 1,248 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SP Plus were worth $165,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of SP Plus during the third quarter valued at $101,000. SG Americas Securities LLC acquired a new position in SP Plus during the 3rd quarter valued at about $108,000. GAM Holding AG bought a new stake in shares of SP Plus during the 4th quarter worth about $256,000. MQS Management LLC acquired a new stake in shares of SP Plus in the 3rd quarter worth approximately $205,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of SP Plus in the 3rd quarter worth approximately $207,000. 93.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com began coverage on SP Plus in a report on Wednesday. They set a “hold” rating on the stock. TheStreet cut shares of SP Plus from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th.

SP Plus Stock Up 0.1 %

NASDAQ:SP opened at $51.53 on Thursday. SP Plus Co. has a 1-year low of $33.89 and a 1-year high of $52.56. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 33.90 and a beta of 1.22. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The business’s fifty day moving average price is $51.63 and its 200 day moving average price is $51.32.

SP Plus (NASDAQ:SP) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.25). The company had revenue of $217.20 million during the quarter, compared to analyst estimates of $235.44 million. SP Plus had a net margin of 1.68% and a return on equity of 22.21%. On average, sell-side analysts forecast that SP Plus Co. will post 3.26 earnings per share for the current fiscal year.

SP Plus Company Profile

SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. 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.