River Road Asset Management LLC Sells 176,286 Shares of SP Plus Co. (NASDAQ:SP)

River Road Asset Management LLC lowered its position in shares of SP Plus Co. (NASDAQ:SP - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,428,239 shares of the business services provider's stock after selling 176,286 shares during the quarter. River Road Asset Management LLC owned 7.27% of SP Plus worth $73,197,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP bought a new stake in shares of SP Plus during the 1st quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of SP Plus during the 3rd quarter worth approximately $28,000. Tower Research Capital LLC TRC raised its stake in shares of SP Plus by 75.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,004 shares of the business services provider's stock worth $39,000 after purchasing an additional 433 shares in the last quarter. Citigroup Inc. raised its stake in shares of SP Plus by 44.5% during the 4th quarter. Citigroup Inc. now owns 2,272 shares of the business services provider's stock worth $79,000 after purchasing an additional 700 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of SP Plus during the 3rd quarter worth approximately $101,000. Institutional investors and hedge funds own 93.98% of the company's stock.

SP Plus Stock Performance

SP traded down $0.03 during trading hours on Wednesday, reaching $51.52. The company's stock had a trading volume of 294,061 shares, compared to its average volume of 190,825. SP Plus Co. has a 52 week low of $32.78 and a 52 week high of $52.56. The company's 50-day moving average is $51.68 and its 200-day moving average is $50.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $1.02 billion, a PE ratio of 33.03 and a beta of 1.22.

SP Plus (NASDAQ:SP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.25). SP Plus had a net margin of 1.74% and a return on equity of 22.49%. The firm had revenue of $217.20 million during the quarter, compared to analyst estimates of $235.44 million. On average, equities analysts forecast that SP Plus Co. will post 3.42 EPS for the current year.

Wall Street Analyst Weigh In

SP has been the topic of a number of research analyst reports. StockNews.com initiated coverage on SP Plus in a research note on Sunday. They issued a "hold" rating on the stock. TheStreet cut SP Plus from a "b" rating to a "c+" rating in a research note on Tuesday, February 27th.

About SP Plus

SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.