IndexIQ Advisors LLC Lowers Stake in SP Plus Corp (NASDAQ:SP)

IndexIQ Advisors LLC lowered its stake in shares of SP Plus Corp (NASDAQ:SP) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,773 shares of the business services provider’s stock after selling 7,545 shares during the period. IndexIQ Advisors LLC owned 0.10% of SP Plus worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in SP Plus by 1.2% during the third quarter. California State Teachers Retirement System now owns 35,545 shares of the business services provider’s stock worth $1,315,000 after buying an additional 425 shares during the period. Rhumbline Advisers lifted its holdings in shares of SP Plus by 2.4% during the 4th quarter. Rhumbline Advisers now owns 38,171 shares of the business services provider’s stock valued at $1,620,000 after purchasing an additional 886 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of SP Plus during the 4th quarter valued at $38,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of SP Plus by 16.9% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 6,570 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 949 shares during the last quarter. Finally, James Investment Research Inc. lifted its holdings in shares of SP Plus by 6.3% during the 3rd quarter. James Investment Research Inc. now owns 18,095 shares of the business services provider’s stock valued at $670,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Several analysts have recently commented on SP shares. ValuEngine lowered SP Plus from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 4th. Zacks Investment Research lowered SP Plus from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barrington Research increased their price objective on SP Plus from $43.00 to $51.00 in a report on Wednesday, November 6th. Finally, BidaskClub upgraded SP Plus from a “strong sell” rating to a “sell” rating in a report on Saturday, February 1st.

Shares of SP opened at $43.67 on Friday. SP Plus Corp has a 12 month low of $30.66 and a 12 month high of $47.33. The stock has a fifty day moving average price of $42.16 and a 200-day moving average price of $39.96. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.79. The firm has a market cap of $1.00 billion, a PE ratio of 19.94, a P/E/G ratio of 1.45 and a beta of 0.95.

In related news, insider John Ricchiuto sold 5,411 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $43.36, for a total value of $234,620.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

About SP Plus

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.

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

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