Camarda Financial Advisors LLC trimmed its holdings in SP Plus Corp (NASDAQ:SP) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,812 shares of the business services provider’s stock after selling 3,687 shares during the period. SP Plus accounts for approximately 1.6% of Camarda Financial Advisors LLC’s holdings, making the stock its 20th largest position. Camarda Financial Advisors LLC owned about 0.16% of SP Plus worth $1,329,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Zions Bancorporation acquired a new stake in shares of SP Plus in the third quarter worth $108,000. Legal & General Group Plc lifted its stake in shares of SP Plus by 5.0% in the second quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock worth $129,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of SP Plus in the third quarter worth $141,000. California Public Employees Retirement System acquired a new stake in shares of SP Plus in the second quarter worth $214,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of SP Plus in the second quarter worth $221,000. 96.99% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of SP Plus from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of SP Plus from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Saturday, November 4th.
In related news, CEO G Marc Baumann sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gerard M. Klaisle sold 7,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.15, for a total transaction of $286,125.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
SP Plus Corp (NASDAQ:SP) opened at $36.40 on Monday. The company has a market cap of $819.76, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.96 and a beta of 1.07. SP Plus Corp has a one year low of $27.70 and a one year high of $41.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82.
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About SP Plus
SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.
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