Metropolitan Life Insurance Co. NY continued to hold its stake in SP Plus Corporation (NASDAQ:SP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,401 shares of the business services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in SP Plus Corporation were worth $419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SP. Vanguard Group Inc. raised 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 worth $26,014,000 after buying an additional 16,143 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $25,894,000 after buying an additional 32,493 shares in the last quarter. Renaissance Technologies LLC raised its stake in SP Plus Corporation by 26.0% in the first quarter. Renaissance Technologies LLC now owns 343,100 shares of the business services provider’s stock worth $11,580,000 after buying an additional 70,800 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in SP Plus Corporation by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 318,708 shares of the business services provider’s stock worth $10,756,000 after buying an additional 17,073 shares in the last quarter. Finally, State Street Corp raised its stake in SP Plus Corporation by 12.2% in the fourth quarter. State Street Corp now owns 305,916 shares of the business services provider’s stock worth $8,614,000 after buying an additional 33,289 shares in the last quarter. Institutional investors and hedge funds own 78.22% of the company’s stock.

SP Plus Corporation (NASDAQ:SP) traded up 0.627% during mid-day trading on Wednesday, hitting $36.125. 19,648 shares of the stock were exchanged. SP Plus Corporation has a 52 week low of $22.60 and a 52 week high of $38.55. The firm has a market capitalization of $802.05 million, a price-to-earnings ratio of 20.979 and a beta of 1.01. The company’s 50-day moving average price is $32.63 and its 200 day moving average price is $31.57.

SP Plus Corporation (NASDAQ:SP) last released its quarterly earnings data 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. The company had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $223.35 million. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%. Equities research analysts expect that SP Plus Corporation will post $1.71 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.watchlistnews.com/sp-plus-corporation-sp-position-held-by-metropolitan-life-insurance-co-ny/1494923.html.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

In other SP Plus Corporation news, Director Robert S. Roath sold 70,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 36,936 shares of the company’s stock, valued at approximately $1,284,264.72. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding SP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SP Plus Corporation (NASDAQ:SP).

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

Receive News & Ratings for SP Plus Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Plus Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.