Intrepid Capital Management Inc. grew its position in shares of SP Plus Corp (NASDAQ:SP) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,093 shares of the business services provider’s stock after buying an additional 1,700 shares during the period. SP Plus accounts for 2.9% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 16th largest position. Intrepid Capital Management Inc. owned about 0.87% of SP Plus worth $6,389,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of SP Plus by 1,770.6% during the 2nd quarter. Bank of Montreal Can now owns 2,039 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 1,930 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of SP Plus by 561.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,712 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 4,000 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of SP Plus during the 2nd quarter valued at $207,000. SG Americas Securities LLC bought a new stake in shares of SP Plus during the 1st quarter valued at $228,000. Finally, Acadian Asset Management LLC bought a new stake in shares of SP Plus during the 1st quarter valued at $331,000. 98.29% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on SP. ValuEngine lowered SP Plus from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub lowered SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Zacks Investment Research upgraded SP Plus from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, August 3rd. Finally, Barrington Research set a $43.00 price objective on SP Plus and gave the company a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.00.
NASDAQ:SP opened at $36.92 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.59. SP Plus Corp has a 52-week low of $27.13 and a 52-week high of $39.45. The firm has a market cap of $809.40 million, a price-to-earnings ratio of 15.78, a PEG ratio of 1.30 and a beta of 1.01. The business’s fifty day moving average is $34.72 and its 200 day moving average is $33.62.
SP Plus (NASDAQ:SP) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The business had revenue of $414.20 million for the quarter, compared to analyst estimates of $238.15 million. SP Plus had a return on equity of 15.99% and a net margin of 3.10%. Equities analysts predict that SP Plus Corp will post 2.71 EPS for the current fiscal year.
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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