SP Plus Co. (NASDAQ:SP) Shares Bought by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. boosted its holdings in shares of SP Plus Co. (NASDAQ:SP) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,806 shares of the business services provider’s stock after purchasing an additional 1,271 shares during the period. SP Plus comprises approximately 2.5% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Intrepid Capital Management Inc.’s holdings in SP Plus were worth $4,644,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SP. Arizona State Retirement System purchased a new stake in SP Plus during the first quarter worth $209,000. Bank of Montreal Can boosted its holdings in SP Plus by 44.1% during the first quarter. Bank of Montreal Can now owns 9,581 shares of the business services provider’s stock worth $310,000 after buying an additional 2,934 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in SP Plus by 8.2% during the first quarter. Principal Financial Group Inc. now owns 9,757 shares of the business services provider’s stock worth $320,000 after buying an additional 741 shares in the last quarter. Royal Bank of Canada lifted its holdings in SP Plus by 38.1% during the first quarter. Royal Bank of Canada now owns 10,427 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 2,879 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in SP Plus by 74.9% during the first quarter. BNP Paribas Arbitrage SA now owns 10,983 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 4,704 shares in the last quarter. 88.15% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of SP Plus from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, August 3rd. Barrington Research reissued a “buy” rating and issued a $42.00 price target on shares of SP Plus in a research note on Wednesday, August 18th.

NASDAQ:SP traded up $0.77 on Monday, hitting $32.79. The stock had a trading volume of 119 shares, compared to its average volume of 104,580. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.63. The stock has a market cap of $761.35 million, a price-to-earnings ratio of -8.80 and a beta of 1.68. The company has a fifty day moving average price of $31.23 and a two-hundred day moving average price of $32.16. SP Plus Co. has a 1-year low of $17.02 and a 1-year high of $36.71.

SP Plus (NASDAQ:SP) last issued its quarterly earnings data on Tuesday, July 27th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.24 by $0.25. SP Plus had a negative net margin of 7.66% and a positive return on equity of 16.16%. The firm had revenue of $141.20 million for the quarter, compared to analyst estimates of $136.93 million. As a group, analysts anticipate that SP Plus Co. will post 1.71 earnings per share for the current year.

SP Plus Company Profile

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 firm operates through the following segments: Commercial, Aviation, and Other.

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

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