Segantii Capital Management Ltd Invests $789,000 in SP Plus Co. (NASDAQ:SP)

Segantii Capital Management Ltd bought a new position in shares of SP Plus Co. (NASDAQ:SP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,391 shares of the business services provider's stock, valued at approximately $789,000. Segantii Capital Management Ltd owned 0.08% of SP Plus as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. bought a new position in SP Plus during the fourth quarter worth $15,391,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of SP Plus by 107.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 125,278 shares of the business services provider's stock valued at $4,523,000 after buying an additional 64,842 shares during the period. Assenagon Asset Management S.A. grew its position in SP Plus by 510.4% during the third quarter. Assenagon Asset Management S.A. now owns 72,265 shares of the business services provider's stock worth $2,609,000 after buying an additional 60,427 shares in the last quarter. LSV Asset Management increased its stake in SP Plus by 31.8% during the third quarter. LSV Asset Management now owns 238,971 shares of the business services provider's stock valued at $8,627,000 after acquiring an additional 57,593 shares during the period. Finally, New York Life Investment Management LLC lifted its position in shares of SP Plus by 456.8% in the 4th quarter. New York Life Investment Management LLC now owns 57,812 shares of the business services provider's stock worth $2,963,000 after acquiring an additional 47,429 shares during the period. Institutional investors and hedge funds own 93.98% of the company's stock.

SP Plus Trading Down 0.3 %

SP Plus stock traded down $0.16 during trading hours on Thursday, reaching $51.37. 111,942 shares of the company's stock traded hands, compared to its average volume of 189,245. 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 capitalization of $1.02 billion, a price-to-earnings ratio of 33.80 and a beta of 1.22. The firm's 50 day moving average is $51.62 and its 200-day moving average is $51.32. SP Plus Co. has a fifty-two week low of $34.17 and a fifty-two week high of $52.56.

SP Plus (NASDAQ:SP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.25). SP Plus had a net margin of 1.68% and a return on equity of 22.21%. The company had revenue of $217.20 million during the quarter, compared to analyst estimates of $235.44 million. On average, analysts predict that SP Plus Co. will post 3.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TheStreet cut shares of SP Plus from a "b" rating to a "c+" rating in a research note on Tuesday, February 27th. StockNews.com began coverage on SP Plus in a research note on Wednesday. They issued a "hold" rating on the stock.

SP Plus Company 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.