Russell Investments Group Ltd. lessened its position in SP Plus Corp (NASDAQ:SP) by 87.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,216 shares of the business services provider’s stock after selling 22,238 shares during the quarter. Russell Investments Group Ltd.’s holdings in SP Plus were worth $119,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in SP Plus by 704.9% during the 2nd quarter. SG Americas Securities LLC now owns 53,682 shares of the business services provider’s stock worth $1,714,000 after acquiring an additional 47,013 shares during the period. Rhumbline Advisers lifted its position in shares of SP Plus by 8.6% in the third quarter. Rhumbline Advisers now owns 37,285 shares of the business services provider’s stock worth $1,380,000 after purchasing an additional 2,943 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of SP Plus in the second quarter worth approximately $592,000. Renaissance Technologies LLC lifted its position in shares of SP Plus by 9.3% in the second quarter. Renaissance Technologies LLC now owns 583,700 shares of the business services provider’s stock worth $18,638,000 after purchasing an additional 49,489 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of SP Plus by 1,468.2% during the second quarter. Morgan Stanley now owns 202,408 shares of the business services provider’s stock worth $6,463,000 after purchasing an additional 189,501 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of SP Plus from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. ValuEngine lowered SP Plus from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Barrington Research boosted their price objective on SP Plus from $43.00 to $51.00 in a report on Wednesday, November 6th. Finally, Zacks Investment Research raised SP Plus from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, November 5th.

SP opened at $44.71 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The firm has a 50 day simple moving average of $42.82 and a 200 day simple moving average of $36.42. SP Plus Corp has a fifty-two week low of $27.13 and a fifty-two week high of $47.33.

SP Plus (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. SP Plus had a net margin of 3.03% and a return on equity of 16.39%. The firm had revenue of $418.60 million for the quarter, compared to analysts’ expectations of $231.35 million. As a group, analysts expect that SP Plus Corp will post 2.79 EPS for the current year.

In other news, insider Gerard M. Klaisle sold 1,250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $36.91, for a total value of $46,137.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Marc Baumann sold 3,800 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $46.63, for a total value of $177,194.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,461 shares of company stock valued at $811,552 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

SP Plus Profile

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

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

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