Deutsche Bank AG Expands Stake in SP Plus Co. by 12.2%

During the third quarter, Deutsche Bank AG augmented their investment in SP Plus Co. (NASDAQ:SP), which is noted in the latest Form 13F filing with the Securities & Exchange Commission. The investment bank now holds 16,517 shares in the business services company following the purchase of an additional 1,792 shares, marking a 12.2% increase from their previous stake.

Investment Developments by Major Stakeholders

Apart from Deutsche Bank AG's recent transactions, various other significant investors have also adjusted their shares in SP Plus. Dark Forest Capital Management LP commenced a new holding with shares valued at approximately $27,000 in the first quarter. Similarly, International Assets Investment Management LLC initiated a new investment during the third quarter with a valuation of around $28,000. Further investment tweaks included Tower Research Capital LLC TRC increasing its share by 75.8% in the second quarter, and Citigroup Inc. augmenting its holdings by 44.5% in the fourth quarter, showcasing active engagement by institutional investors in SP Plus Co.

Current Market Status of SP Plus

The publicly traded shares of SP Plus began the previous Tuesday at a price of $51.42. SP Plus has seen a fluctuating year with lows of $31.52 and peaks of $52.40. Financial ratios like a debt-to-equity ratio of 1.34, as well as liquidity ratios like a current and quick ratio of 0.71, reveal the company's capital structure and financial health. The stock's market performance indicates an average trading movement with a 50-day simple moving average of $51.47 and a longer 200-day simple moving average of $47.86. SP Plus's market capitalization stands at $1.02 billion, having a price-to-earnings ratio of 32.96 and beta of 1.22, suggesting its volatility in comparison to the broader market.

Analyst Perspectives and Company Overview

There have been recent evaluations by research firms on SP Plus's stock. A downgrade from a 'b' to a 'c+' rating by TheStreet occurred on February 27th, and StockNews.com began coverage issuing a 'hold' rating. SP Plus Corporation specializes in a variety of services including parking management, ground transportation, and several ancillary services mostly across North America.

Deutsche, Bank, Holdings