Laurion Capital Management LP acquired a new stake in shares of SP Plus Corporation (NASDAQ:SP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 391,551 shares of the business services provider’s stock, valued at approximately $11,962,000. Laurion Capital Management LP owned 1.76% of SP Plus Corporation as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Bernzott Capital Advisors increased its holdings in SP Plus Corporation by 4.7% during the second quarter. Bernzott Capital Advisors now owns 945,720 shares of the business services provider’s stock valued at $28,892,000 after buying an additional 42,825 shares during the period. Vanguard Group Inc. boosted its stake in SP Plus Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 770,768 shares of the business services provider’s stock valued at $26,014,000 after acquiring an additional 16,143 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SP Plus Corporation by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 767,223 shares of the business services provider’s stock valued at $25,894,000 after acquiring an additional 32,493 shares in the last quarter. Investment Counselors of Maryland LLC boosted its stake in SP Plus Corporation by 11.7% in the second quarter. Investment Counselors of Maryland LLC now owns 712,112 shares of the business services provider’s stock valued at $21,755,000 after acquiring an additional 74,441 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in SP Plus Corporation by 18.7% in the second quarter. Wedge Capital Management L L P NC now owns 623,290 shares of the business services provider’s stock valued at $19,042,000 after acquiring an additional 98,127 shares in the last quarter. 94.68% of the stock is currently owned by institutional investors.

Shares of SP Plus Corporation (SP) traded up 1.91% during midday trading on Friday, reaching $37.40. 245,622 shares of the company’s stock traded hands. SP Plus Corporation has a 1-year low of $22.60 and a 1-year high of $38.55. The firm’s 50-day moving average price is $36.03 and its 200 day moving average price is $32.86. The stock has a market capitalization of $830.35 million, a P/E ratio of 21.72 and a beta of 0.97.

SP Plus Corporation (NASDAQ:SP) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%. The business had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $223.35 million. On average, equities analysts predict that SP Plus Corporation will post $1.69 earnings per share for the current fiscal year.

SP has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, BidaskClub downgraded shares of SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.

In other news, Director Robert S. Roath sold 70,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total value of $2,433,900.00. Following the completion of the transaction, the director now owns 36,936 shares in the company, valued at approximately $1,284,264.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

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SP Plus Corporation Profile

SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.

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

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