37,134 Shares in SP Plus Co. (NASDAQ:SP) Bought by BCK Capital Management LP

BCK Capital Management LP bought a new position in SP Plus Co. (NASDAQ:SP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 37,134 shares of the business services provider’s stock, valued at approximately $1,903,000. SP Plus accounts for about 1.9% of BCK Capital Management LP’s investment portfolio, making the stock its 10th largest holding. BCK Capital Management LP owned about 0.19% of SP Plus as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of SP Plus during the third quarter valued at $101,000. SG Americas Securities LLC purchased a new position in shares of SP Plus during the third quarter valued at $108,000. MQS Management LLC purchased a new position in shares of SP Plus during the third quarter valued at $205,000. Principal Financial Group Inc. purchased a new position in shares of SP Plus during the third quarter valued at $207,000. Finally, Versor Investments LP purchased a new position in shares of SP Plus during the third quarter valued at $235,000. Hedge funds and other institutional investors own 93.98% of the company’s stock.

SP Plus Stock Performance

NASDAQ:SP traded down $0.01 during trading hours on Monday, reaching $51.50. The company had a trading volume of 102,328 shares, compared to its average volume of 190,954. SP Plus Co. has a 1-year low of $33.89 and a 1-year high of $52.56. The firm has a market cap of $1.02 billion, a PE ratio of 33.88 and a beta of 1.22. The business’s 50 day moving average price is $51.62 and its 200-day moving average price is $51.31. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.71 and a quick ratio of 0.71.

SP Plus (NASDAQ:SP) last posted 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). The business had revenue of $217.20 million during the quarter, compared to analysts’ expectations of $235.44 million. SP Plus had a net margin of 1.68% and a return on equity of 22.21%. Research analysts forecast that SP Plus Co. will post 3.26 EPS for the current year.

Wall Street Analysts Forecast Growth

SP has been the topic of several analyst reports. StockNews.com initiated coverage on SP Plus in a research note on Tuesday, April 30th. They issued a “hold” rating on the stock. TheStreet lowered SP Plus from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th.

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.