International Assets Investment Management LLC Buys 29,978 Shares of SP Plus Co. (NASDAQ:SP)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of SP Plus in the third quarter worth approximately $101,000. SG Americas Securities LLC purchased a new stake in shares of SP Plus during the 3rd quarter valued at $108,000. MQS Management LLC acquired a new stake in shares of SP Plus during the 3rd quarter worth $205,000. Principal Financial Group Inc. purchased a new position in shares of SP Plus in the 3rd quarter worth $207,000. Finally, Versor Investments LP acquired a new position in SP Plus in the third quarter valued at $235,000. Hedge funds and other institutional investors own 93.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SP shares. TheStreet cut shares of SP Plus from a "b" rating to a "c+" rating in a research report on Tuesday, February 27th. StockNews.com initiated coverage on SP Plus in a research report on Wednesday, May 8th. They issued a "hold" rating for the company.

SP Plus Stock Performance

SP traded up $0.47 during trading on Tuesday, reaching $53.97. 904,444 shares of the company were exchanged, compared to its average volume of 221,419. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.27. The stock has a market cap of $1.07 billion, a P/E ratio of 35.20 and a beta of 1.22. SP Plus Co. has a 52 week low of $34.17 and a 52 week high of $54.42. The firm has a 50 day moving average of $51.71 and a 200 day moving average of $51.39.

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 the consensus estimate of $0.85 by ($0.25). The firm had revenue of $217.20 million during the quarter, compared to the consensus estimate of $235.44 million. SP Plus had a return on equity of 21.93% and a net margin of 1.68%. On average, sell-side analysts forecast that SP Plus Co. will post 3.26 EPS for the current fiscal year.

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.