Renaissance Technologies LLC Has $13.09 Million Holdings in SP Plus Corporation (SP)
Renaissance Technologies LLC raised its holdings in SP Plus Corporation (NASDAQ:SP) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,500 shares of the business services provider’s stock after acquiring an additional 85,400 shares during the quarter. Renaissance Technologies LLC owned about 1.93% of SP Plus Corporation worth $13,091,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SP. Laurion Capital Management LP acquired a new stake in SP Plus Corporation in the second quarter valued at approximately $11,962,000. Principal Financial Group Inc. acquired a new stake in SP Plus Corporation in the second quarter valued at approximately $11,150,000. FMR LLC acquired a new stake in SP Plus Corporation in the second quarter valued at approximately $10,693,000. Thompson Siegel & Walmsley LLC acquired a new stake in SP Plus Corporation in the second quarter valued at approximately $8,260,000. Finally, Vanguard Group Inc. lifted its stake in SP Plus Corporation by 22.3% in the second quarter. Vanguard Group Inc. now owns 942,891 shares of the business services provider’s stock valued at $28,805,000 after acquiring an additional 172,123 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.
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In other news, Director Robert S. Roath sold 70,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.77, for a total value of $2,433,900.00. Following the completion of the sale, the director now owns 36,936 shares of the company’s stock, valued at approximately $1,284,264.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
A number of analysts have issued reports on the stock. BidaskClub cut shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
SP Plus Corporation (NASDAQ SP) opened at 39.50 on Wednesday. The company has a market cap of $876.98 million, a price-to-earnings ratio of 22.94 and a beta of 1.00. The stock has a 50 day moving average of $38.48 and a 200-day moving average of $33.65. SP Plus Corporation has a 52-week low of $22.60 and a 52-week high of $41.25.
SP Plus Corporation (NASDAQ:SP) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.42 by $0.11. The company had revenue of $415.40 million during the quarter, compared to the consensus estimate of $223.35 million. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%. On average, analysts forecast that SP Plus Corporation will post $1.69 EPS for the current year.
SP Plus Corporation Company 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.
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