International Assets Investment Management LLC Has $1.58 Million Stock Holdings in SP Plus Co. (NASDAQ:SP)

International Assets Investment Management LLC raised its stake in SP Plus Co. (NASDAQ:SP) by 3,883.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,750 shares of the business services provider’s stock after acquiring an additional 29,978 shares during the period. International Assets Investment Management LLC’s holdings in SP Plus were worth $1,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management raised its holdings in SP Plus by 31.8% in the 3rd quarter. LSV Asset Management now owns 238,971 shares of the business services provider’s stock valued at $8,627,000 after acquiring an additional 57,593 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in SP Plus by 510.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 72,265 shares of the business services provider’s stock valued at $2,609,000 after acquiring an additional 60,427 shares in the last quarter. Citigroup Inc. raised its holdings in SP Plus by 12.1% in the 3rd quarter. Citigroup Inc. now owns 11,437 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 1,238 shares in the last quarter. MQS Management LLC acquired a new position in SP Plus in the 3rd quarter valued at $205,000. Finally, Van Hulzen Asset Management LLC raised its holdings in SP Plus by 42.2% in the 3rd quarter. Van Hulzen Asset Management LLC now owns 44,948 shares of the business services provider’s stock valued at $1,623,000 after acquiring an additional 13,337 shares in the last quarter. 93.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TheStreet cut SP Plus from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. StockNews.com assumed coverage on SP Plus in a report on Sunday, April 14th. They set a “hold” rating for the company.

SP Plus Price Performance

SP Plus stock opened at $50.68 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.71. SP Plus Co. has a 52 week low of $32.78 and a 52 week high of $52.56. The stock has a market capitalization of $1.00 billion, a P/E ratio of 32.49 and a beta of 1.22. The stock has a fifty day moving average of $51.67 and a 200-day moving average of $51.19.

SP Plus (NASDAQ:SP) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.25). The firm had revenue of $217.20 million for the quarter, compared to the consensus estimate of $235.44 million. SP Plus had a return on equity of 22.49% and a net margin of 1.74%. On average, sell-side analysts expect that SP Plus Co. will post 3.42 earnings per share for the current fiscal year.

SP Plus 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.