Goldman Sachs Group Inc. Purchases 290,403 Shares of SP Plus Co. (NASDAQ:SP)

Goldman Sachs Group Inc. boosted its position in shares of SP Plus Co. (NASDAQ:SP) by 348.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 373,833 shares of the business services provider’s stock after purchasing an additional 290,403 shares during the quarter. Goldman Sachs Group Inc. owned about 1.90% of SP Plus worth $19,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SP. Versor Investments LP boosted its position in shares of SP Plus by 903.3% during the fourth quarter. Versor Investments LP now owns 65,216 shares of the business services provider’s stock valued at $3,342,000 after buying an additional 58,716 shares during the last quarter. Olympiad Research LP bought a new stake in shares of SP Plus in the fourth quarter worth approximately $2,009,000. National Bank of Canada FI purchased a new position in shares of SP Plus during the fourth quarter valued at approximately $1,193,000. New York Life Investment Management LLC lifted its position in SP Plus by 456.8% during the fourth quarter. New York Life Investment Management LLC now owns 57,812 shares of the business services provider’s stock valued at $2,963,000 after purchasing an additional 47,429 shares during the period. Finally, Kellner Capital LLC purchased a new stake in SP Plus in the fourth quarter worth approximately $3,477,000. 93.98% of the stock is currently owned by institutional investors.

SP Plus Price Performance

Shares of SP stock opened at $53.99 on Thursday. The stock has a market cap of $1.07 billion, a P/E ratio of 35.52 and a beta of 1.22. The company’s fifty day simple moving average is $53.07 and its two-hundred day simple moving average is $52.09. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.27. SP Plus Co. has a 52 week low of $34.17 and a 52 week high of $54.42.

SP Plus (NASDAQ:SP) last posted its earnings results on Wednesday, May 1st. The business services provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). SP Plus had a net margin of 1.68% and a return on equity of 21.93%. The firm had revenue of $222.10 million for the quarter, compared to the consensus estimate of $229.00 million. Analysts predict that SP Plus Co. will post 3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of SP Plus in a research report on Tuesday. They set a “hold” rating for the company.

SP Plus 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.