SP Plus Co. (NASDAQ:SP) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in SP Plus Co. (NASDAQ:SP - Free Report) by 3,883.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,750 shares of the business services provider's stock after buying an additional 29,978 shares during the quarter. International Assets Investment Management LLC owned 0.16% of SP Plus worth $1,576,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Royal Bank of Canada raised its position in SP Plus by 7.8% in the 2nd quarter. Royal Bank of Canada now owns 4,425 shares of the business services provider's stock worth $174,000 after buying an additional 319 shares during the last quarter. Citigroup Inc. increased its position in shares of SP Plus by 15.9% during the 1st quarter. Citigroup Inc. now owns 2,633 shares of the business services provider's stock valued at $90,000 after purchasing an additional 361 shares during the last quarter. Swiss National Bank increased its position in shares of SP Plus by 0.9% during the 3rd quarter. Swiss National Bank now owns 43,200 shares of the business services provider's stock valued at $1,560,000 after purchasing an additional 400 shares during the last quarter. Tower Research Capital LLC TRC increased its position 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 valued at $39,000 after purchasing an additional 433 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of SP Plus by 5.9% during the 2nd quarter. Bank of Montreal Can now owns 12,819 shares of the business services provider's stock valued at $400,000 after purchasing an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 93.98% of the company's stock.

Analyst Ratings Changes

SP has been the subject of several research reports. TheStreet lowered shares of SP Plus from a "b" rating to a "c+" rating in a research report on Tuesday, February 27th. StockNews.com started coverage on shares of SP Plus in a report on Sunday, April 14th. They issued a "hold" rating for the company.

SP Plus Price Performance

SP stock traded down $0.53 during midday trading on Friday, hitting $50.68. The company's stock had a trading volume of 385,333 shares, compared to its average volume of 132,429. SP Plus Co. has a 12 month low of $32.78 and a 12 month high of $52.56. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 32.49 and a beta of 1.22. The company has a 50 day moving average of $51.67 and a two-hundred day moving average of $51.30.

SP Plus (NASDAQ:SP - Get Free Report) last posted its earnings results 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). The firm had revenue of $217.20 million for the quarter, compared to the consensus estimate of $235.44 million. SP Plus had a net margin of 1.74% and a return on equity of 22.49%. On average, analysts expect that SP Plus Co. will post 3.42 EPS for the current year.

SP Plus Profile

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.