137,817 Shares in SP Plus Co. (NASDAQ:SP) Bought by Gabelli Funds LLC

Gabelli Funds LLC purchased a new position in SP Plus Co. (NASDAQ:SPFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 137,817 shares of the business services provider’s stock, valued at approximately $7,063,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SP. Swiss National Bank lifted its position in SP Plus by 0.9% during the third quarter. Swiss National Bank now owns 43,200 shares of the business services provider’s stock valued at $1,560,000 after purchasing an additional 400 shares during the last quarter. Parallel Advisors LLC raised its position in shares of SP Plus by 868.4% during the 4th quarter. Parallel Advisors LLC now owns 552 shares of the business services provider’s stock valued at $28,000 after buying an additional 495 shares in the last quarter. Pacific Capital Wealth Advisors Inc. bought a new position in shares of SP Plus in the 4th quarter valued at about $61,000. Citigroup Inc. grew its position in SP Plus by 12.1% in the third quarter. Citigroup Inc. now owns 11,437 shares of the business services provider’s stock worth $413,000 after acquiring an additional 1,238 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in SP Plus during the fourth quarter worth approximately $73,000. Institutional investors own 93.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SP. TheStreet lowered SP Plus from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th. StockNews.com initiated coverage on shares of SP Plus in a research report on Saturday, June 1st. They set a “hold” rating on the stock.

Get Our Latest Stock Analysis on SP

SP Plus Trading Up 0.0 %

SP opened at $53.99 on Friday. SP Plus Co. has a one year low of $34.17 and a one year high of $54.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 35.52 and a beta of 1.22. The stock’s 50 day moving average price is $52.54 and its 200-day moving average price is $51.81.

SP Plus (NASDAQ:SPGet Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The business had revenue of $222.10 million during the quarter, compared to analysts’ expectations of $229.00 million. SP Plus had a return on equity of 21.93% and a net margin of 1.68%. On average, equities analysts forecast that SP Plus Co. will post 3.5 EPS for the current year.

SP Plus Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SP Plus (NASDAQ:SP)

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