Goldman Sachs Group Inc. boosted its position in SP Plus Corporation (NASDAQ:SP) by 45.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 31,601 shares of the business services provider’s stock after acquiring an additional 9,835 shares during the period. Goldman Sachs Group Inc. owned about 0.14% of SP Plus Corporation worth $965,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in SP Plus Corporation by 3.1% in the 2nd quarter. US Bancorp DE now owns 3,329 shares of the business services provider’s stock worth $102,000 after acquiring an additional 100 shares during the period. Legal & General Group Plc grew its stake in SP Plus Corporation by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock worth $129,000 after acquiring an additional 200 shares during the period. Acadian Asset Management LLC grew its stake in SP Plus Corporation by 678.9% in the 2nd quarter. Acadian Asset Management LLC now owns 5,748 shares of the business services provider’s stock worth $176,000 after acquiring an additional 5,010 shares during the period. California Public Employees Retirement System purchased a new stake in SP Plus Corporation in the 2nd quarter worth approximately $214,000. Finally, Atria Investments LLC grew its stake in SP Plus Corporation by 1.5% in the 2nd quarter. Atria Investments LLC now owns 9,425 shares of the business services provider’s stock worth $288,000 after acquiring an additional 143 shares during the period. 95.19% of the stock is owned by hedge funds and other institutional investors.

Shares of SP Plus Corporation (NASDAQ:SP) opened at $36.50 on Tuesday. The company has a market cap of $820.88, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82.

SP Plus Corporation (NASDAQ:SP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.08. SP Plus Corporation had a net margin of 2.64% and a return on equity of 14.29%. The company had revenue of $392.70 million during the quarter, compared to analysts’ expectations of $228.10 million. analysts anticipate that SP Plus Corporation will post 1.68 EPS for the current year.

In other news, major shareholder Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

SP has been the subject of several research reports. ValuEngine raised shares of SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of SP Plus Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Friday, August 4th.

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About SP Plus Corporation

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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